The now ex-minister had assured this Wednesday (24 hours before) that “He wasn’t going anywhere”despite the bad financial climate due to the economic plans of the British government.
The pound sterling lost 1.10% against the dollar, up to $1.1199, and 0.57% against the euro, up to 86.83 pence in recent days as a result of political instability that influenced finances. The British currency had already soared a day earlier on rumors of a change in UK fiscal policy.
Continuity rumors about Liz Truss in the UK
The main British and European media speak of a tense context, with a crisis of confidence, in which they point out impeachment attempts on Truss, even within his own party.
The minister had announced that she would maintain her controversial cut plan spending and taxes to revive economic growth, breaking his silence on Thursday after nearly a week of chaos in financial markets caused by his huge tax cuts.
One day after the Bank of England (BoE) resumed its bond buying in an emergency measure to protect pension funds from a partial collapse, Truss he blamed the turmoil on Russia’s invasion of Ukraine, which has caused a spike in inflation around the world.
Source: Ambito
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