Liz Truss: are the Conservatives facing an electoral meltdown?
The Conservative party is heading into its annual conference amid the catastrophic fallout from Chancellor Kwasi Kwarteng’s mini-budget. The decision to cut tax without a plan to pay for it caused a sharp fall in the value of the pound on currency markets, which reached an all-time low against the dollar in Asian markets, and a rapid rise in costs of government borrowing. Both are indicators of the strongly negative reaction of financial markets to the mini-budget.
- Publicado en Babel
- Escrito por Paul Whiteley