Trump’s ‘Liz Truss moment’: when economic bravado meets market reality - short news
The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisis
A maverick economic policy announcement from a self-styled disruptor plunges the country’s currency into freefall and puts rocket boosters behind the cost of government debt, prompting warnings of an economic nuclear winter and forcing a pretty undignified U-turn.
If, on top of general concern, there has been a nagging sense of deja vu in Britain over the past 24 hours, then..
source: The Guardian - 10.04.2025