U.K. Leader Liz Truss Faces Political Backlash After Sparking Market Turmoil

New prime minister came to office promising Thatcher-esque economic revival, but skepticism has mounted among investors, her own lawmakers

Turmoil in the U.K. bond market created a feedback loop that left investors like pension funds short on cash and rippled out into other markets. WSJ’s Chelsey Dulaney explains the type of investment at the heart of the crisis. Illustration: Ryan TrefesLONDON—Less than a month into her tenure as U.K. prime minister, Liz Truss is seeing her political authority rapidly erode as her bold experiment in British Reaganomics spins out of her control.to try to jolt the U.K.

She didn’t read the room. It is not the 80s and market dynamics have changed radically since then. The medicine must adapt.

So what is she supposed to do. There’s a massive energy crisis which is hardly the UKs fault. She has to provide support for peoples energy bills and somehow support growth. Every other European currency has declined as well against the dollar.

'Reaganomics' didn't work for Reagan, why in god's name would this inept amateur think it would work for her?

说西方社会的纠错能力不存在了的，啪啪打脸。

But she wakes up every morning... as the British Prime Minister.

SAD!!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain's Market-Rocking Tax Cuts Have Been Compared to ‘Reaganomics.' But There Are DifferencesComparisons between the ideology of Liz Truss, who became U.K. prime minister earlier this month, and Ronald Reagan have come thick and fast.
Source: NBCDFW - 🏆 288. / 63 Read more »

U.K. scraps tax cut for rich that sparked market chaos“We get it and we have listened,' said Prime Minister Liz Truss, reversing a policy that sent the pound plummeting alongside the government's polling numbers. StopHazaraGenocide The brutal massacre and genocide of people for the crime of descent and religion is a clear example of a crime against humanity Hazaras in Afghanistan need International Protection because their security is not guaranteed StopHazaraGenocide A populace that understands that taxing the wealthy is not a sin? I guess they recognize voodoo economics unlike the USA, right? you can delete it but we saw it
Source: NBCNews - 🏆 10. / 86 Read more »