Odd Lots: Liz Truss on the 'Doom Loop' Engulfing the UK Economy
We'll be back next week with more Merryn Talks Money interviews, but for now we bring you an interesting conversation from the Odd Lots team.
These days, everyone is talking about high interest rates across the rich, developed world, while warning of eventual fiscal disaster. But we may have gotten an early glimpse of this anxiety in October 2022, when then-UK Prime Minister Liz Truss unveiled her mini-budget that spooked the gilt market. Well today, rates at the long end of the British yield curve are even higher. So what's going on? Why all this angst now about UK fiscal sustainability and…
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