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Sterling slide: UK prime minister Liz Truss’s slash-and-burn gamble risks bringing her fledgling leadership to a halt

John Downing


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British prime minister Liz Truss and UK chancellor of the exchequer Kwasi Kwarteng. Photo: Dylan Martinez/Reuters

British prime minister Liz Truss and UK chancellor of the exchequer Kwasi Kwarteng. Photo: Dylan Martinez/Reuters

British prime minister Liz Truss and UK chancellor of the exchequer Kwasi Kwarteng. Photo: Dylan Martinez/Reuters

Liz Truss took the mantle three weeks ago to the very day and it has been a very ill-starred start.

The people cannot very well blame her for Queen Elizabeth’s untimely death after she was officially appointed prime minister at the royal residence in the Scottish Highlands. But the fall of the pound sterling to record lows yesterday is entirely another matter.


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