Truss to U-Turn further on mini-budget pledges?

  • Despite reversing her plan to cut tax for the highest earners, bringing forward a more detailed budget statement by almost a month and halting the appointment of a controversial senior civil servant to oversee the Treasury, the Bank of England was again forced to step in to try to stabilize market turbulence.

Politico are reporting that “The PM is panicking and reaching for almost anything that she can do to calm the situation. She was so burnt by the fallout from mini-budget that anything that seemed bold, she now wants to massively trim back,” said a senior Whitehall official.

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Politico Journo Esther Webber on the story

Things are just going from bad to worse for those looking for some stability, and markets crave stability.

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