Why all the fuss about Truss?

Led by PM Liz Truss, the UK seems to be walking to a credit-rating downgrade. (Image: Getty)

Tue, 27 Sep 2022

If you ever wanted conclusive evidence that the laws of economics are back in play, look no further than the United Kingdom. Other countries should be taking note.There’s been a swift market response to prime minister Liz Truss’s questionable mini-budget. Investors were blindsided by tax cuts of a volume we’ve not seen for 50 years, energy subsidies were splashed around, there was more borrowing and neoliberal thinking on a grand scale.We quickly saw the price of these moves. Gilts, the equivalent of government bonds...

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