Liz Truss delivers her keynote speech to the Conservative Party conference in Birmingham. PA
Liz Truss delivers her keynote speech to the Conservative Party conference in Birmingham. PA
Liz Truss delivers her keynote speech to the Conservative Party conference in Birmingham. PA
Liz Truss delivers her keynote speech to the Conservative Party conference in Birmingham. PA

How Liz Truss planned to launch Michael Gove on Israel


Thomas Harding
  • English
  • Arabic

After 12 long years of clambering the fraught British political ladder, Liz Truss had finally conquered the summit. There was also one person who could help keep her there, the arch-political operator of his generation who had made and broken prime ministers.

Author Harry Cole told The National how her curious relationship with Michael Gove came back to bite her.

They were friends but she did not fit easily into his ideological circle of neoconservatives, not that Ms Truss was ever particularly firmly planted in any ideology.

Their friendship had extended to Ms Truss as foreign secretary lending Mr Gove her grand grace-and-favour flat in London when he abruptly separated from his wife in 2021.

But on becoming prime minister in early September there was no place for him in her Cabinet and she knew having such a canny politician on the backbenches could prove problematic.

A week before the annual Conservative Party conference she met Mr Gove and made him an offer.

“She has a strange relationship with Gove and knows him very well,” said Mr Cole, the co-author of an intriguing biography on Ms Truss. “That he is very good at politics but also troublemaker so she tried to make peace with him by dangling a very large job out of the country as ambassador to Israel or China. It was basically ‘name your job Michael’.”

But the offer came just as the mini-budget calamity was unravelling. On the Sunday that conference began, Mr Gove found himself on the same BBC political show as the prime minister.

“He came out and machine-gunned the entire budget,” said Cole. “There was an offer and that was his answer.”

Cole’s book, co-authored with James Heale, received national attention when the Labour leader Sir Keir Starmer used it as a quip during Prime Minister’s Questions.

Michael Gove and Liz Truss in Whitehall. Getty Images
Michael Gove and Liz Truss in Whitehall. Getty Images

“A book is being written about the prime minister’s time in office,” he said. “Apparently it’s going to be out by Christmas — is that the release date, or the title?”

The ensuing mirth at the Tory leader was prescient but Sir Keir was wrong on both counts. Ms Truss resigned 24 hours later and the book is titled: Out of the Blue: The inside story of the unexpected rise and rapid fall of Liz Truss.

Its sharp insights into Britain’s shortest-serving prime minister could well see it bulging from many Christmas stockings.

The idea for the book came to Cole, political editor for The Sun newspaper, when he realised in early July that a little known politician was going to lead the country.

“It was clear Liz was going to win the leadership but she was the most unknown inhabitant of that office so there was definitely a market for ‘who the hell is this person?’”

After a decade as Westminster lobby journalist, Cole had grown to know and like Ms Truss and her advisers, allowing him to detail her taxing trait of self-publicity.

“I don't think she's a bad person, I think she made some bad choices,” he told The National in a quiet corner of parliament. “There's two schools of thought on Liz with very little middle ground. She either brings out massive loyalty or …” He paused. “ … it’s not despair, as that is too hard a word, but head in hands and ‘what the…’”

  • British Prime Minister Liz Truss announces her resignation, outside No 10 Downing Street, London. AP
    British Prime Minister Liz Truss announces her resignation, outside No 10 Downing Street, London. AP
  • Liz Truss during Prime Minister's Questions in the House of Commons in London, addressing Parliament for the first time since abandoning her disastrous tax-slashing economic policies. AFP
    Liz Truss during Prime Minister's Questions in the House of Commons in London, addressing Parliament for the first time since abandoning her disastrous tax-slashing economic policies. AFP
  • Liz Truss walks off stage after delivering her keynote speech at the Conservative Party annual conference at the International Convention Centre in Birmingham in October. PA
    Liz Truss walks off stage after delivering her keynote speech at the Conservative Party annual conference at the International Convention Centre in Birmingham in October. PA
  • Liz Truss meets US President Joe Biden during the 77th session of the United Nations General Assembly in New York in September. AP
    Liz Truss meets US President Joe Biden during the 77th session of the United Nations General Assembly in New York in September. AP
  • King Charles during his first audience in September with Ms Truss at Buckingham Palace, London, following the death of Queen Elizabeth. Getty Images
    King Charles during his first audience in September with Ms Truss at Buckingham Palace, London, following the death of Queen Elizabeth. Getty Images
  • Labour leader Keir Starmer and Liz Truss pay their respects after the service and procession for the coffin of Queen Elizabeth II into Westminster Hall, London, in September. PA
    Labour leader Keir Starmer and Liz Truss pay their respects after the service and procession for the coffin of Queen Elizabeth II into Westminster Hall, London, in September. PA
  • Ms Truss is welcomed by staff in Downing Street as she enters the famous prime ministerial offices for the first time in September. Photo: Andrew Parsons / No 10 Downing Street
    Ms Truss is welcomed by staff in Downing Street as she enters the famous prime ministerial offices for the first time in September. Photo: Andrew Parsons / No 10 Downing Street
  • Queen Elizabeth II greets the newly elected leader of the Conservative Party, Ms Truss, at Balmoral Castle in Scotland in September. The queen invited Ms Truss to become prime minister and form a new government. Getty Images
    Queen Elizabeth II greets the newly elected leader of the Conservative Party, Ms Truss, at Balmoral Castle in Scotland in September. The queen invited Ms Truss to become prime minister and form a new government. Getty Images
  • New Conservative Party leader and Britain's Prime Minister-elect Liz Truss delivers a speech after being announced the winner of the Tory Party leadership contest in central London on September 5, 2022. Ms Truss is the UK's third female prime minister following Theresa May and Margaret Thatcher. AFP
    New Conservative Party leader and Britain's Prime Minister-elect Liz Truss delivers a speech after being announced the winner of the Tory Party leadership contest in central London on September 5, 2022. Ms Truss is the UK's third female prime minister following Theresa May and Margaret Thatcher. AFP
  • Liz Truss meets supporters as she arrives to attend a Conservative leadership election hustings at the NEC, Birmingham, in August. AP
    Liz Truss meets supporters as she arrives to attend a Conservative leadership election hustings at the NEC, Birmingham, in August. AP
  • Rishi Sunak and Liz Truss take part in the BBC Leadership debate at Victoria Hall in Hanley in July. Getty Images
    Rishi Sunak and Liz Truss take part in the BBC Leadership debate at Victoria Hall in Hanley in July. Getty Images
  • Liz Truss playing pool during a visit to the Onside Future Youth Zone in London in August 2022. PA
    Liz Truss playing pool during a visit to the Onside Future Youth Zone in London in August 2022. PA
  • Boris Johnson and Ms Truss arriving for an extraordinary summit at Nato headquarters in Brussels, in March 2022. AFP
    Boris Johnson and Ms Truss arriving for an extraordinary summit at Nato headquarters in Brussels, in March 2022. AFP
  • Russian Foreign Minister Sergey Lavrov and Ms Truss arrive for talks in Moscow in February 2022. AP
    Russian Foreign Minister Sergey Lavrov and Ms Truss arrive for talks in Moscow in February 2022. AP
  • Ms Truss in Red Square during a visit to Moscow in February 2022. Photo: No. 10, Downing Street
    Ms Truss in Red Square during a visit to Moscow in February 2022. Photo: No. 10, Downing Street
  • Ms Truss meeting European Commission vice-president Maros Sefcovic (not seen) for talks in central London on the Northern Ireland Protocol on 11th February 2022. PA
    Ms Truss meeting European Commission vice-president Maros Sefcovic (not seen) for talks in central London on the Northern Ireland Protocol on 11th February 2022. PA
  • Ms Truss with Marise Payne, the Australian minister of foreign affairs, at Government House in Sydney, Australia, in January 2022. Photo: No. 10, Downing Street
    Ms Truss with Marise Payne, the Australian minister of foreign affairs, at Government House in Sydney, Australia, in January 2022. Photo: No. 10, Downing Street
  • Liz Truss hosts Vice President of the European Commission Maros Sefcovic at Chevening House in January 2022 to discuss the Northern Ireland protocol. Photo: No. 10, Downing Street
    Liz Truss hosts Vice President of the European Commission Maros Sefcovic at Chevening House in January 2022 to discuss the Northern Ireland protocol. Photo: No. 10, Downing Street
  • Ms Truss visits British troops in Estonia as they operate alongside other Nato troops in Tapa in November 2021. Photo: No. 10, Downing Street
    Ms Truss visits British troops in Estonia as they operate alongside other Nato troops in Tapa in November 2021. Photo: No. 10, Downing Street
  • Liz Truss walks through the old town in Tallinn, Estonia, in November 2021. Photo: No. 10, Downing Street
    Liz Truss walks through the old town in Tallinn, Estonia, in November 2021. Photo: No. 10, Downing Street
  • Ms Truss greeting Ukraine's President Volodymyr Zelenskyy at the Cop26 summit in Glasgow, in November 2021. PA
    Ms Truss greeting Ukraine's President Volodymyr Zelenskyy at the Cop26 summit in Glasgow, in November 2021. PA
  • Ms Truss at the Red Fort in New Delhi during a trip to India in October 2021. Photo: No. 10, Downing Street
    Ms Truss at the Red Fort in New Delhi during a trip to India in October 2021. Photo: No. 10, Downing Street
  • The British foreign secretary on the Plaza de la Constitucion in Mexico City, during a trip to Mexico in September 2021. Photo: No. 10, Downing Street
    The British foreign secretary on the Plaza de la Constitucion in Mexico City, during a trip to Mexico in September 2021. Photo: No. 10, Downing Street
  • Queen Elizabeth II greeting Ms Truss at a reception for international business and investment leaders at Windsor Castle in October 2021. PA
    Queen Elizabeth II greeting Ms Truss at a reception for international business and investment leaders at Windsor Castle in October 2021. PA
  • Liz Truss with Antony Blinken, the US secretary of state, in New York, in September 2021. Photo: No. 10, Downing Street
    Liz Truss with Antony Blinken, the US secretary of state, in New York, in September 2021. Photo: No. 10, Downing Street
  • Ms Truss on a morning jog over Brooklyn Bridge in New York in September 2021. Photo: No. 10, Downing Street
    Ms Truss on a morning jog over Brooklyn Bridge in New York in September 2021. Photo: No. 10, Downing Street
  • Former Chancellor Philip Hammond, centre, holding his red ministerial box outside 11, Downing Street, flanked by Treasury colleagues Ms Truss and Mel Stride in October 2018. PA
    Former Chancellor Philip Hammond, centre, holding his red ministerial box outside 11, Downing Street, flanked by Treasury colleagues Ms Truss and Mel Stride in October 2018. PA
  • Ms Truss, then secretary of state for justice, being escorted around HMP Brixton by prison governor David Bamford in November 2016. PA
    Ms Truss, then secretary of state for justice, being escorted around HMP Brixton by prison governor David Bamford in November 2016. PA
  • Ms Truss as she became the first woman ever to hold the role of Lord Chancellor, arriving at the Royal Courts of Justice before being installed in July 2016. PA
    Ms Truss as she became the first woman ever to hold the role of Lord Chancellor, arriving at the Royal Courts of Justice before being installed in July 2016. PA
  • In April 2016, the former environment secretary Liz Truss listening to former chancellor of the exchequer George Osborne (not seen) during his speech at the National Composites Centre in Bristol. PA
    In April 2016, the former environment secretary Liz Truss listening to former chancellor of the exchequer George Osborne (not seen) during his speech at the National Composites Centre in Bristol. PA
  • When she was environment minister, Ms Truss visited the bridge over the River Wharfe in Tadcaster, which collapsed after heavy flooding in December 2015. Getty Images
    When she was environment minister, Ms Truss visited the bridge over the River Wharfe in Tadcaster, which collapsed after heavy flooding in December 2015. Getty Images
  • Addressing the Conservative party conference in Birmingham in 2014 when she was secretary of state for environment, food and rural affairs. Getty Images
    Addressing the Conservative party conference in Birmingham in 2014 when she was secretary of state for environment, food and rural affairs. Getty Images
  • Mr Truss on the Sawnnington Farm to Fork stand at the Norfolk Food Festival at the Houses Of Parliament in October 2011. PA
    Mr Truss on the Sawnnington Farm to Fork stand at the Norfolk Food Festival at the Houses Of Parliament in October 2011. PA
  • Conservative Parliamentary candidate for South-West Norfolk Elizabeth Truss, while canvassing in the village of West Walton during the 2010 General Election campaign. PA
    Conservative Parliamentary candidate for South-West Norfolk Elizabeth Truss, while canvassing in the village of West Walton during the 2010 General Election campaign. PA
  • The former Conservative Shadow Home Secretary, Dominic Grieve, centre, speaking at the launch Reform's Lawful Society report on the nature of crime and the incentives in the criminal justice system while Ms Truss looks on, in September 2008. PA
    The former Conservative Shadow Home Secretary, Dominic Grieve, centre, speaking at the launch Reform's Lawful Society report on the nature of crime and the incentives in the criminal justice system while Ms Truss looks on, in September 2008. PA
  • Former Conservative Leader William Hague meeting conservative candidate for Calder valley Ms Truss, during the General Election Campaign for 2005. PA
    Former Conservative Leader William Hague meeting conservative candidate for Calder valley Ms Truss, during the General Election Campaign for 2005. PA

He outlines Ms Truss's relentless “bulldozing mentality”, which is brutally unwrapped across the unauthorised biography’s highly readable pages.

In pursuit of power, the state-school-educated politician took every opportunity to publicise the good work she was doing for Britain and no better opportunity presented itself than her role as trade secretary, jetting around the globe to land post-Brexit trade deals.

In an extraordinary direct conversation with her US counterpart, she demonstrated her “total misunderstanding of social context and social norms” by going off “on a weird tangent about shortbread”, the book reveals.

“She was like a wrecking ball and didn’t really care about what was actually expected … she just got straight to the point.”

The Washington trip was not an immediate trade success but “Truss, unchained on the global stage, was only just warming up” the book warned.

Like a highly-paid Instagram influencer, the politician rigorously pursued the ideal tapestry for a picture.

In Sydney this meant ditching her entire political schedule to drive around the suburbs looking for “the hipster coffee capital of the world that was relying on British imports.” She was finally snapped with a very British sausage role in one hand and espresso in another.

Ms Truss was pictured on a British-made Brompton bike with a Union Jack umbrella in Sydney. Photo: Liz Truss / Twitter
Ms Truss was pictured on a British-made Brompton bike with a Union Jack umbrella in Sydney. Photo: Liz Truss / Twitter

But the results failed to meet her high editorial standards and the entourage headed to a car park near Sydney Harbour Bridge, where Ms Truss was pictured on a British-made Brompton bike with a Union Jack umbrella.

Editorial standards met, the picture went around the world accompanied by her Tweet of “Get on your bike and look for exports”.

When appointed foreign secretary by Boris Johnson in September 2021, it was another step on the quest for the top spot and by now she had developed a rock star’s taste for specific travel requirements.

British embassies were sent memos on what to expect:

— Double espressos served in a flat-white-sized takeaway cup.

— No pre-made or plastic-packed sandwiches

— No big-brand coffee.

— Bagels or sushi for lunch — absolutely no mayonnaise on anything, ever.

— A bottle of sauvignon blanc provided in the fridge of any overnight accommodation.

Her desire for the limelight was incessant. When she heard that Mr Johnson was meeting US President Donald Trump for preliminary trade talks in New York she ordered her staff to pull every string to get her in the room. They failed but their boss succeeded by collaring the then prime minister after a press conference, knowing he would accede to a direct request.

Liz Truss had very specific coffee requirements. PA
Liz Truss had very specific coffee requirements. PA

Ms Truss was “like the cat that got the cream” an aide recounted. “She was grinning ear to ear when she told us, ‘We’re in. I’ve sorted it!”

Exiting the meeting with the two world leaders, her first words were: “Get the pictures.”

Foreign travels meant that Ms Truss was stranded in Indonesia when Mr Johnson resigned in July only getting back to London two days later.

But she rapidly gained ground in the leadership contest, reaching the crucial second place behind Rishi Sunak and it was then that Cole, 36, knew the Tory membership would ultimately make her prime minister.

The cover of 'Out Of The Blue'.
The cover of 'Out Of The Blue'.

After Queen Elizabeth II’s death, Ms Truss waited until 23 September to launch the financial hand grenade of unfunded tax cuts that put her administration into an irrecoverable tailspin.

“I think she was in a hurry, she wanted to quickly turn it around,” said Cole “She thought ‘I'm at the peak of my powers, we are going to jump-start this thing’.”

As someone who was “transactional rather than ideological” Ms Truss had no tribe of Tories to rely on when things went wrong. “That's when the true sort of extent of her skills and all her failings became very clear and very quickly. She had tried to be too many things, too many people.”

  • Liz Truss announces her resignation as UK Prime Minister outside 10 Downing Street in London. 'The National' looks at her brief time in power. PA
    Liz Truss announces her resignation as UK Prime Minister outside 10 Downing Street in London. 'The National' looks at her brief time in power. PA
  • Chairman of the 1922 Committee Sir Graham Brady speaks to the media in London following Liz Truss's announcement of her resignation. Reuters
    Chairman of the 1922 Committee Sir Graham Brady speaks to the media in London following Liz Truss's announcement of her resignation. Reuters
  • Liz Truss and her husband Hugh O'Leary walk back inside 10 Downing Street following her resignation statement. AFP
    Liz Truss and her husband Hugh O'Leary walk back inside 10 Downing Street following her resignation statement. AFP
  • Liz Truss during Prime Minister's Questions in the House of Commons in London, addressing Parliament for the first time since abandoning her disastrous tax-slashing economic policies. AFP
    Liz Truss during Prime Minister's Questions in the House of Commons in London, addressing Parliament for the first time since abandoning her disastrous tax-slashing economic policies. AFP
  • Liz Truss speaks to Grant Shapps at Downing Street as he is appointed Home Secretary, after the resignation of Suella Braverman. Photo: Simon Dawson / No 10 Downing Street
    Liz Truss speaks to Grant Shapps at Downing Street as he is appointed Home Secretary, after the resignation of Suella Braverman. Photo: Simon Dawson / No 10 Downing Street
  • A mural by artist Ciaran Gallagher in Belfast is updated to reflect Liz Truss's current political troubles. PA
    A mural by artist Ciaran Gallagher in Belfast is updated to reflect Liz Truss's current political troubles. PA
  • Britain's new Chancellor of the Exchequer Jeremy Hunt announcing tax and spending measures at the House of Commons in London, with Liz Truss sitting on the bench behind him. AFP
    Britain's new Chancellor of the Exchequer Jeremy Hunt announcing tax and spending measures at the House of Commons in London, with Liz Truss sitting on the bench behind him. AFP
  • Liz Truss gives a speech after sacking Kwasi Kwarteng as chancellor of the exchequer. Reuters
    Liz Truss gives a speech after sacking Kwasi Kwarteng as chancellor of the exchequer. Reuters
  • A protest by climate change group Extinction Rebellion in central London. Ms Truss has said the group is part of an 'anti-growth coalition' with trade unions and the main opposition Labour Party. AFP
    A protest by climate change group Extinction Rebellion in central London. Ms Truss has said the group is part of an 'anti-growth coalition' with trade unions and the main opposition Labour Party. AFP
  • Ms Truss has come under increasing pressure during her short time as prime minister. AFP
    Ms Truss has come under increasing pressure during her short time as prime minister. AFP
  • An Extinction Rebellion protest outside Downing Street on the day Mr Kwarteng was removed from the government. AP
    An Extinction Rebellion protest outside Downing Street on the day Mr Kwarteng was removed from the government. AP
  • Ms Truss with members of the England women's football team and the European Championship trophy in Teddington, south-west London. Getty
    Ms Truss with members of the England women's football team and the European Championship trophy in Teddington, south-west London. Getty
  • Ms Truss arrives for a meeting of the European Political Community at Prague Castle in the Czech Republic. AP
    Ms Truss arrives for a meeting of the European Political Community at Prague Castle in the Czech Republic. AP
  • Ms Truss and her husband Hugh O'Leary wave after her keynote speech at the Conservative Party conference in Birmingham. AP
    Ms Truss and her husband Hugh O'Leary wave after her keynote speech at the Conservative Party conference in Birmingham. AP
  • Liz Truss gives a speech at the Conservative Party Conference. EPA
    Liz Truss gives a speech at the Conservative Party Conference. EPA
  • Ms Truss meets with Mr Kwarteng, chancellor of the exchequer at the time. Photo: Andrew Parsons / CCHQ
    Ms Truss meets with Mr Kwarteng, chancellor of the exchequer at the time. Photo: Andrew Parsons / CCHQ
  • Ms Truss and Mr Kwarteng visit a construction site for a medical innovation campus in Birmingham. AFP
    Ms Truss and Mr Kwarteng visit a construction site for a medical innovation campus in Birmingham. AFP
  • Ms Truss meets US President Joe Biden for talks at the UN headquarters in New York. PA
    Ms Truss meets US President Joe Biden for talks at the UN headquarters in New York. PA
  • Ms Truss delivers a speech at the 77th session of the General Assembly at the UN headquarters in New York. AP
    Ms Truss delivers a speech at the 77th session of the General Assembly at the UN headquarters in New York. AP
  • The British prime minister holds a bilateral meeting with Turkish President Recep Tayyip Erdogan in New York. Reuters
    The British prime minister holds a bilateral meeting with Turkish President Recep Tayyip Erdogan in New York. Reuters
  • Ms Truss meets French President Emmanuel Macron at the UN headquarters in New York. Reuters
    Ms Truss meets French President Emmanuel Macron at the UN headquarters in New York. Reuters
  • Ms Truss speaks to the media during her visit to the Empire State building in New York. AP
    Ms Truss speaks to the media during her visit to the Empire State building in New York. AP
  • Britain's new leader speaks during the state funeral of Queen Elizabeth at Westminster Abbey, London. PA
    Britain's new leader speaks during the state funeral of Queen Elizabeth at Westminster Abbey, London. PA
  • Ms Truss and her husband Hugh O'Leary observe a minute's silence at Number 10 Downing Street following the death of the queen. Reuters
    Ms Truss and her husband Hugh O'Leary observe a minute's silence at Number 10 Downing Street following the death of the queen. Reuters
  • Britain's Labour Party leader Sir Keir Starmer and Ms Truss leave after a service for the reception of Queen Elizabeth's coffin at Westminster Hall in the Palace of Westminster. AFP
    Britain's Labour Party leader Sir Keir Starmer and Ms Truss leave after a service for the reception of Queen Elizabeth's coffin at Westminster Hall in the Palace of Westminster. AFP
  • Ms Truss joins the Speaker Lindsay Hoyle and selected MPs to take the oath and swear allegiance to King Charles III in the House of Commons chamber. PA
    Ms Truss joins the Speaker Lindsay Hoyle and selected MPs to take the oath and swear allegiance to King Charles III in the House of Commons chamber. PA
  • King Charles during his first audience with Ms Truss at Buckingham Palace, London, following the death of Queen Elizabeth. Getty Images
    King Charles during his first audience with Ms Truss at Buckingham Palace, London, following the death of Queen Elizabeth. Getty Images
  • Ms Truss gives a reading during a service of prayer and reflection, following the passing of Queen Elizabeth, at St Paul's Cathedral in London. Getty Images
    Ms Truss gives a reading during a service of prayer and reflection, following the passing of Queen Elizabeth, at St Paul's Cathedral in London. Getty Images
  • The British prime minister makes a statement outside 10 Downing Street in London following the queen's death. Bloomberg
    The British prime minister makes a statement outside 10 Downing Street in London following the queen's death. Bloomberg
  • Ms Truss speaking during her first weekly Prime Minister's Questions session at the House of Commons in London. AFP
    Ms Truss speaking during her first weekly Prime Minister's Questions session at the House of Commons in London. AFP
  • Front pages of a selection of British national newspapers, each leading with a story about Ms Truss becoming Britain's new prime minister. AFP
    Front pages of a selection of British national newspapers, each leading with a story about Ms Truss becoming Britain's new prime minister. AFP
  • People walk past an image in central London of Ms Truss on the side of a protest bus calling for a citizens' assembly. Reuters
    People walk past an image in central London of Ms Truss on the side of a protest bus calling for a citizens' assembly. Reuters
  • Ms Truss holds her first Cabinet meeting at 10 Downing Street. Reuters
    Ms Truss holds her first Cabinet meeting at 10 Downing Street. Reuters
  • Ms Truss speaks at Downing Street on the day she took over as prime minister from Boris Johnson. EPA
    Ms Truss speaks at Downing Street on the day she took over as prime minister from Boris Johnson. EPA
  • Ms Truss poses with her husband Hugh O'Leary at Downing Street before entering as prime minister for the first time. EPA
    Ms Truss poses with her husband Hugh O'Leary at Downing Street before entering as prime minister for the first time. EPA
  • Ms Truss is welcomed by staff in Downing Street as she enters the famous prime ministerial offices for the first time. Andrew Parsons / No 10 Downing Street
    Ms Truss is welcomed by staff in Downing Street as she enters the famous prime ministerial offices for the first time. Andrew Parsons / No 10 Downing Street
  • New Health Secretary Therese Coffey and Number 10 staff shelter from a downpour as they wait for Ms Truss to arrive in Downing Street. PA
    New Health Secretary Therese Coffey and Number 10 staff shelter from a downpour as they wait for Ms Truss to arrive in Downing Street. PA
  • Liz Truss makes a speech outside 10 Downing Street, London, after meeting Queen Elizabeth II and accepting her invitation to become prime minister and form a new government. PA
    Liz Truss makes a speech outside 10 Downing Street, London, after meeting Queen Elizabeth II and accepting her invitation to become prime minister and form a new government. PA
  • Queen Elizabeth II greets the newly elected leader of the Conservative Party, Ms Truss, at Balmoral Castle in Scotland. The queen invited Ms Truss to become prime minister and form a new government. Getty Images
    Queen Elizabeth II greets the newly elected leader of the Conservative Party, Ms Truss, at Balmoral Castle in Scotland. The queen invited Ms Truss to become prime minister and form a new government. Getty Images

What now for Ms Truss? “I imagine it's probably going to hit her quite hard at some point,” he sympathised. “But she's the youngest ever living former PM and obviously very talented as you don't get to that top job without having a pretty skilled control of politics. I’d be fascinated to see where she ends up.”

The book’s publication was delayed for two more chapters to be written on her six week premiership, one with the ambiguous title of “Into the Red” — either referring to the massive budget deficit or Labour’s likely general election victory as a result.

But Ms Truss indefatigable nature might suggest this will not be the last chapter.

Out of the Blue: The Inside Story of the Unexpected Rise and Rapid Fall of Liz Truss by Harry Cole and James Heale is published by William Collins in hardback on 24 November. Currently available on Kindle.

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Race card

6.30pm: Emirates Holidays Maiden (TB), Dh82,500 (Dirt), 1,900m
7.05pm: Arabian Adventures Maiden (TB), Dh82,500 (D), 1,200m
7.40pm: Emirates Skywards Handicap (TB), Dh82,500 (D), 1,200m
8.15pm: Emirates Airline Conditions (TB), Dh120,000 (D), 1,400m
8.50pm: Emirates Sky Cargo (TB), Dh92,500 (D)1,400m
9.15pm: Emirates.com (TB), Dh95,000 (D), 2,000m

UAE currency: the story behind the money in your pockets
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Women’s T20 World Cup Asia Qualifier

ICC Academy, November 22-28

UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal

ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan 

UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman

ITU Abu Dhabi World Triathlon

For more information go to www.abudhabi.triathlon.org.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

Four stars

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

Isle of Dogs

Director: Wes Anderson

Starring: Bryan Cranston, Liev Schreiber, Ed Norton, Greta Gerwig, Bill Murray, Jeff Goldblum, Scarlett Johansson

Three stars

How England have scored their set-piece goals in Russia

Three Penalties

v Panama, Group Stage (Harry Kane)

v Panama, Group Stage (Kane)

v Colombia, Last 16 (Kane)

Four Corners

v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)

v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)

v Panama, Group Stage (Stones, header, from Trippier corner)

v Sweden, Quarter-Final (Maguire, header, from Young corner)

One Free-Kick

v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)

The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

The biog:

Favourite book: The Leader Who Had No Title by Robin Sharma

Pet Peeve: Racism 

Proudest moment: Graduating from Sorbonne 

What puts her off: Dishonesty in all its forms

Happiest period in her life: The beginning of her 30s

Favourite movie: "I have two. The Pursuit of Happiness and Homeless to Harvard"

Role model: Everyone. A child can be my role model 

Slogan: The queen of peace, love and positive energy

Updated: November 04, 2022, 3:29 PM