It seems likely that from 6 September Liz Truss will be Britain’s next prime minister. She has promised immediate £38bn tax cuts, stating intentions to cancel April’s national insurance contribution rise, suspend the green levy on energy bills and scrap next April’s planned corporation tax hike. These cuts are more likely to deliver faster inflation than faster growth, stamped out by the Bank of England. The Office for Budget Responsibility must be updating and revising its March forecasts.
 If Truss becomes prime minister, sterling will crash By Meghnad Desai Liz Truss, the foreign secretary, is the frontrunner in the contest for the UK’s next prime minister. If she wins, and enacts her promise of immediate tax cuts, the only safe prediction is that sterling will crash. Â
 MEETINGS Economic priorities for Germany and the euro area Tuesday 6 September, Roundtable Steffen Meyer, head of the department for economic, financial and climate policy at the German Chancellery, discusses priority economic issues for Germany, including domestic growth and inflation expectations.Â
 ON DEMAND ECB and climate risk supervision Christoffer Kok, head of the stress test modelling division of the European Central Bank’s directorate general for macroprudential policy and financial stability, joins OMFIF to discuss the results of the bank’s supervisory climate risk stress test, approaches taken and lessons learnt.Â
 LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
