Liz Truss was defeated by the bond market. Investors aren't satisfied yet | CNN Business

Truss said she acted in the national interest to ensure economic stability and to “reassure the markets of our fiscal discipline.” But it remains unclear whether Truss has done enough to persuade skeptical investors, and Friday’s announcement did nothing to calm speculation about whether she can hold on to her job. The price of 30-year UK government debt, which has been whipsawed in recent weeks, fell after the press conference.

“Getting rid of Truss, I think, would be one way of doing that.” Truss has said she’s serious about limiting UK government debt as a share of economic activity, but the numbers don’t add up. About £25 billion worth of new tax cuts remain in play, on top of the huge cost of winter energy subsidies. Stabilizing the debt-to-GDP ratio by 2024-2025 still looks out of reach, according to Capital Economics.

Geez it’s almost like she and the rest of the tories just suck at governing

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Britain’s Prime Minister Liz Truss fires finance chief after less than 6 weeks on jobChancellor of the Exchequer Kwasi Kwarteng accepted Liz Truss’s request to “stand aside” following weeks of political and economic turmoil. “You have asked me to stand aside as your Chancellor. I have accepted,” Kwarteng wrote in his resignation letter.
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