What do business leaders want from the new PM Liz Truss?
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With?inflation at 10.1%, energy prices soaring, the UK on the brink of recession and an ongoing war in Ukraine, Liz Truss faces an overflowing inbox of crises to tackle as she steps into Number?10.
Truss beat Rishi Sunak to the post with victory in the Conservative leadership race, although by a smaller margin than many were expecting. She received 81,326 votes to Sunak’s 60,399, giving her a 57%?share.
Business groups now want to see?the new prime minister ?act quickly to protect small businesses, find a solution to the energy crisis and set the country on a path to economic recovery. This is even more important as new figures show the UK is on the brink of recession, with data from the S&P Global and Chartered Institute of Procurement and Supply (Cips) showing a decline in manufacturing output in August and weaker activity in the services?sector.
Read more from staff writer Sam Forsdick as he takes a look at what business leaders want from the new PM.
‘It would be impossible to go back’: inside the UK’s four-day work week?trial
Companies involved in the UK’s four-day week trial may only be half way through the six month trial, but many already plan to make the change permanent despite some initial issues.
Starting in July, some 70 organisations and 3,300 staff made the switch to the 100:80:100 model. This sees staff retain 100% of their pay for 80% of their time, in exchange for a commitment to maintain at least 100% productivity. It is part of the biggest four-day week trial in the world.
Find out why some businesses are already planning to make the change permanent.
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