Philosophy, politics and economics in the context of "Liz Truss"

Balliol College (/ˈbeɪliəl/ BAY-lee-əl) is a constituent college of the University of Oxford, England. Founded in 1263 by nobleman John I de Balliol, it has a claim to be the oldest college in Oxford and the English-speaking world.

With a governing body of a master and around 80 fellows, the college's main buildings are located on Broad Street with additional buildings to the east in Jowett Walk and Holywell Manor. As one of the larger colleges of Oxford University, Balliol typically has around 400 of both undergraduates and graduates. The college pioneered the PPE degree in the 1920s.

Rishi Sunak (born 12 May 1980) is a British politician and former investment banker who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2022 to 2024. Following his defeat to Keir Starmer's Labour Party in the 2024 general election, he became Leader of the Opposition, serving in this role from July to November 2024. He previously held two Cabinet positions under Boris Johnson, latterly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (MP) for Richmond and Northallerton, previously Richmond (Yorks), since 2015.

Sunak was born in Southampton to parents of Indian descent who immigrated to Britain from East Africa in the 1960s. He was educated at Winchester College, studied philosophy, politics and economics at Lincoln College, Oxford, and earned a Master of Business Administration from Stanford University in California as a Fulbright Scholar. During his time at Oxford University, Sunak joined the Conservatives. After graduating, Sunak worked for Goldman Sachs and later as a partner at two hedge fund firms. Sunak was elected to the House of Commons at the 2015 general election. As a backbencher, Sunak supported the successful campaign for Brexit in the 2016 European Union membership referendum. Sunak was appointed to the junior ministerial position of Parliamentary Under-Secretary of State for Local Government by Theresa May in 2018, and was appointed to the cabinet-attending role of Chief Secretary to the Treasury by Johnson in 2019.

James Harold Wilson, Baron Wilson of Rievaulx (11 March 1916 – c. 23 May 1995), was a British politician who twice served as Prime Minister of the United Kingdom, from 1964 to 1970 and from 1974 to 1976. He was Leader of the Labour Party from 1963 to 1976, Leader of the Opposition twice from 1963 to 1964 and again from 1970 to 1974, and a Member of Parliament (MP) from 1945 to 1983. Wilson is the only Labour leader to have formed governments following four general elections.

Born in Huddersfield, Yorkshire, to a politically active lower middle-class family, Wilson studied philosophy, politics and economics at Jesus College, Oxford. He was later an Economic History lecturer at New College, Oxford, and a research fellow at University College, Oxford. Elected to Parliament in 1945, Wilson was appointed to the Attlee government as a Parliamentary secretary; he became Secretary for Overseas Trade in 1947, and was elevated to the Cabinet shortly thereafter as President of the Board of Trade. Following Labour's defeat at the 1955 election, Wilson joined the Shadow Cabinet as Shadow Chancellor, and was moved to the role of Shadow Foreign Secretary in 1961. When Labour leader Hugh Gaitskell died in January 1963, Wilson won the leadership election to replace him, becoming Leader of the Opposition.