Intellectual leader Liz, PM with foreign money to invest: alarm about that? (8,7)

Guardian Cryptic #29206 | 8 Down | 2023-10-20
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I haven't cracked this one yet — but the brilliant team at Fifteensquared have:

A double envelope (‘to invest’ and ‘about that’) of RAND (‘foreign money’) in ER (Queen Elizabeth, ‘leader Liz’) plus TRUSS (Another Liz, ‘PM’) in BELL (‘alarm’). If you insist that Liz should apply just to one of the ladies, it is your choice which one.

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