Sir Keir “completely stands by” his language concerning the earlier authorities’s document, the spokesman informed reporters.
Responding on X, Truss mentioned: “I do know Keir Starmer will not repeat his allegations that I crashed the financial system as a result of he is aware of it is a lie.”
Earlier, Commons chief Lucy Powell informed MPs “we can’t stop and desist from telling the reality that they [the Conservatives] crashed the financial system”.
Additionally talking within the Commons, Chief Secretary to the Treasury Darren Jones mentioned the earlier Conservative authorities had “ruined the lives of individuals throughout this nation” by their “hubris” and “recklessness”.
It comes because the pound fell to its lowest stage in over a 12 months and authorities borrowing prices have surged to their highest stage in 16 years.
Economists have warned these rising prices might pressure additional tax rises or cuts in spending as the federal government tries to satisfy its self-imposed rule to not borrow to fund day-to-day spending.
Responding to an pressing query within the Commons, Jones insisted there was “no want for an emergency intervention” in monetary markets.
Actions in borrowing prices have been being pushed by “a variety of worldwide and home elements,” he mentioned.
Tory shadow chancellor Mel Stride mentioned Labour’s tax rises can be “swallowed up by the upper borrowing prices at no profit to the British individuals”.
A “stop and desist” letter normally represents a warning that the recipient will face authorized motion in the event that they proceed the allegedly illegal exercise.
Within the letter despatched to Sir Keir on Thursday, Truss’s legal professionals say his statements about their consumer are “false and deceptive”.
“Their publication just isn’t solely extraordinarily damaging but additionally grossly defamatory and indefensible… It might be arduous to keep away from a conclusion that they have been made maliciously,” the letter provides.
Truss’s legal professionals say they’re searching for “an amicable foundation on which you’ll conform to stop repetition of what’s clearly a factually incorrect and defamatory assertion about our consumer.
“This request is made within the context of the fundamental ranges of civility which is due between senior politicians, and we belief that you’ll reply accordingly.”