No one had ever lasted so short at 10 Downing Street. The pound celebrates and the markets welcome Truss's resignation with "relief". What happens now? Here are the possible scenarios
In addition to facing the resignation of a close ally, Truss was in danger of being defeated in a vote in the House of Commons. Inflation breaks through the 10% threshold
The new British finance minister, Jeremy Hunt, cancels almost all the tax measures promised on September 23rd. The Guardian: "Nothing remains of the Truss agenda". Pound recovers, gilt yields down
The new chancellor is the moderate Jeremy Hunt - Backtrack also on the corporate tax: "We need to reassure the markets", but the Tories could soon distrust it: in his place Sunak Mordaunt
Reversing Liz Truss Scrapping Tax Cuts On The Rich - Here's Why She Changed Her Mind
After the announcement of the maxi tax cuts for the wealthiest, the pound fell to an all-time low, while yields on government bonds rose to all-time highs. The Bank of England forced to intervene. Here's what's…
New Prime Minister Liz Truss Announces £45Bn Tax Cut Plan That Favors Riches And Bankers - Pound Sterling At Lows, Yields Soaring And Stocks In Red
