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British Prime Minister Liz Truss resigns after budget failure and market turmoil

On September 23, Truss Finance Minister Kwasi Kwarteng announced a so-called ‘mini-budget’ which launched a turbulent period for UK bond markets which have balked at debt-financed tax cuts. that he had proposed. Most of the policies were canceled three weeks later by the second finance minister, Jeremy Hunt. Prime Minister Liz Truss announces her resignation …

British Prime Minister Liz Truss resigns after budget failure and market turmoil Read More »