In a few words, PM Truss's first economic measures indicate that she's ideologically-driven and has no idea what she's doing. Namely, cutting taxes for the rich in hope that maybe some economic boost will "trickle-down" to the middle class and the poor. This idea is utterly discredited in economic circles.
The UK central bank, the BoE, is forced to take measures to counteract what Truss and her government are doing !
The market is also strongly reacting against Truss by selling the pound.
The UK central bank, the BoE, is forced to take measures to counteract what Truss and her government are doing !
The market is also strongly reacting against Truss by selling the pound.