. The FTSE 100 rose 0.3 per cent, while the more domestically orientated FTSE 250 index climbed 0.8 per cent., which represents 190,000 firms, said the next prime minister must restore confidence and stability following Ms Truss’s resignation.
Tony Danker, director-general of the CBI, said: “The politics of recent weeks have undermined the confidence of people, businesses, markets and global investors in Britain. That must now come to an end if we are to avoid yet more harm to households and firms. “”Stability is key. The next prime minister will need to act to restore confidence from day one. They will need to deliver a credible fiscal plan for the medium term as soon as possible, and a plan for the long-term growth of our economy.”, said: “Confidence in the UK economy – that was already running at very low levels, according to our data – is being hit further as a direct result of political instability in the UK Government. This reduces investment, thereby constraining growth.
“She had a difficult hand to play, but she also played the hand badly. However, her successor will face the same problems she did. I hope they share her analysis, but they will also need to display an ability to deliver on serious reform.”