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Truss to tell United Nations Britain will no longer be dependent on those who ‘seek to weaponise the global economy’ | UK News

Prime Minister Liz Truss is expected to tell the United Nations that Britain will no longer be “strategically dependent on those who seek to weaponise the global economy” as she calls for the free world to “push back against authoritarian aggression”.

Ms Truss will address the UN General Assembly later on Wednesday as it gathers for the first time under the shadow of a large-scale war in Europe.

She will tell the representatives how she plans to make sure the British economy is free from malign interference, including increasing energy independence and safeguarding the security of supply chains.

In her speech, the prime minister is expected to say: “We are reforming our economy to get Britain moving forward once again.

“The free world needs this economic strength and resilience to push back against authoritarian aggression and win this new era of strategic competition.

“We will no longer be strategically dependent on those who seek to weaponise the global economy.”

Mr Truss will also tell the General Assembly that the G7 and other like-minded partners must act as an “economic NATO”, collectively defending our prosperity and coming to the aid of any partner targeted by an aggressive regime.

She will reiterate a commitment to protecting the UK and its allies, including increasing defence spending to 3% of GDP by 2030.

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The prime minister is expected to say: “Just as we are building a plan for growth at home, we are also developing a new blueprint for our engagement with the world.

“We will build resilience and collective security – because they are vital for freedom and democracy. We will be a reliable, trustworthy and dynamic partner.”

She will add: “This is a decisive moment in British history, in the history of this organisation, and in the history of freedom.

“The story of 2022 could have been that of an authoritarian state rolling its tanks over the border of a peaceful neighbour and subjugating its people.

“Instead, it is the story of freedom fighting back… But this must not be a one off….

“…Britain’s commitment to this is total.

“Together with our friends and allies around the world, we will continue to champion freedom, sovereign and democracy.

“And we will define this new era as one of hope and progress.”

On Tuesday, Ms Truss told Sky News she was prepared to be unpopular over her plan to cut taxes while also promising billions of pounds to help consumers pay rising energy bills.

She insisted that the tax cut plan would ultimately benefit the British economy.

Manchester United fan and billionaire Sir Jim Ratcliffe interested in buying club | UK News

One of Britain’s richest men, Manchester United supporter Sir Jim Ratcliffe, is interested in buying the Premier League club if it was for sale.

A source told Sky Sports News that Ratcliffe, who owns cycling team Ineos Grenadiers, is serious about purchasing United, and ex-players would be involved along with Grenadiers general manager Sir Dave Brailsford, a former performance director at British Cycling.

The 69-year-old billionaire is the chairman and chief executive of chemical company Ineos and also owns French Ligue 1 football team Nice, which he took over in 2019, and Swiss side FC Lausanne-Sport.

The British billionaire, who has a net worth of $7.18bn (£5.96bn), according to Bloomberg, was unsuccessful in his last-minute £4.25bn bid to buy Chelsea in May, as American businessman Todd Boehly successfully acquired the club, and Ratcliffe has now turned his attention to the Red Devils.

His interest comes after a Bloomberg report said that the Glazer family, who have owned United since 2005, are considering selling a minority stake in the club.

Preliminary discussions have been held about bringing in a new investor, according to the broadcaster, which ranks Ratcliffe as the sixth-richest person in the UK.

A spokesperson for Ineos said the company would be interested in purchasing a smaller stake with a view to eventually buying the club.

More on Manchester United

“If something like this was possible, we would be interested in talking with a view to long-term ownership,” an Ineos spokesperson said in The Times.

“This is not about the money that has been spent or not spent. Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset.”

Manchester United chairman Avie Glazer with President Joe Biden in July 2021. Pic: AP
Image:
United chairman Avie Glazer with Joe Biden in July 2021. Pic: AP

The Glazer family is not ready to concede the controlling stake and has an expectation of valuing the club at more than double its current market cap of $2.2bn (£1.83bn), another source said.

The Glazers are unpopular with United fans, who are unhappy at the club’s ownership model and declining performances on the pitch, having not won a Premier League title in nine years and not landed a trophy in five.

The side is currently bottom of the league with no points after two games, while United’s net debt had grown 11% to about £496m by the end of March.

The owners have also been criticised for not improving the Old Trafford stadium, the biggest club ground in the country with a capacity of around 74,000 fans.

Supporters regularly protest against them.

Manchester United supporters at Old Trafford hold up a banner that read 'Glazers Out' on the stands in April. Pic: AP
Image:
United fans at Old Trafford hold up a banner that read ‘Glazers Out’ in April. Pic: AP

Manchester United did not comment on the story. The club have declined to speak on rumours and speculation.

The news comes on the same day that Tesla founder Elon Musk clarified an earlier tweet which appeared to suggest he was buying the club.

He later wrote: “I’m not buying any sports teams. Although, if it were any team, it would be Man U. They were my fav team as a kid.”