“After a bruising three-week battle with bond markets…Liz Truss” has “admitted defeat,” says Julia Horowitz for CNN. On Monday Jeremy Hunt, the new chancellor, tore up most of last month’s mini-budget, scrapping £32bn of unfunded tax cuts in an all-out attempt to placate bond investors (see page 10).
Beaten by the bond market
Oct 21, 2022
2 minutes
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