Mrs Truss’s campaign has begun drawing up plans for the “emergency budget”, but a source close to her said on Saturday night that it would “not be right for her to announce her plans before the Prime Minister has even been elected or seen all the facts “. She is understood to have changed her mind after initially saying there would be “no handouts” under her leadership and plans to appoint a financial adviser to Number 10 to help tackle the cost of living crisis. “Three weeks ago they were saying we need everything to be much more targeted, and it needs to be more precise – it can’t be a whole economy approach,” said a source familiar with her team’s discussions. “But they just don’t have time to do it. People will start leaving the moment she takes office.” Writing for The Telegraph, Robert Jenrick, the former housing secretary, said he was “the first cabinet minister to raise the threat of inflation in 2020” and called on the new prime minister “to recognize the link between energy, power and geopolitics as great leaders of the West once did.” Despite backing Mr Sunak in the Tory leadership race, Jenrick is seen as a possible cabinet minister in Ms Truss’s government if she wins. A Treasury spokesman said the government was making “the necessary preparations to ensure a new government has options to provide additional support as quickly as possible, adding: “No major fiscal decisions will be made until the new prime minister is in place. ».
