Truss and Kwarteng start their own companies

It’s a busy time for ex-Prime Ministers. Theresa May has been totting up her thousands in speaking fees while Boris Johnson has been unveiling his portrait, trailing his memoir and generally making mischief for Rishi Sunak. And amid much speculation about the future projects of Liz Truss, Mr S can reveal that Britain’s shortest-serving PM today formally incorporated her eponymous company for post-premiership life. It is titled simply ‘the office of Liz Truss Limited’ with the onetime Tory leader and her husband Hugh O’Leary listed as the two directors of the firm.

And Truss isn’t the only one who has clearly being having a productive time since leaving the office. Her former Chancellor, Kwasi Kwarteng, who served just 38 days at the Treasury, has since set up his own consultancy company, titled ‘Soracte Ltd’. It was incorporated last month before the Christmas recess, with the name a possible nod to the famous ode by Horace about aging and the importance of appreciating youth.