A couple of weeks into her reign, and Mrs Truss has set the country alight by having her chancellor announce a huge range of tax reductions that will result in huge borrowing. The markets don't like it, and with a strong dollar making the pound 'sink to an all time low' it seem a bit bleak on the economic front. I'm not in the 'bleak' camp though, markets are as fickle as anything and a few days of negativity is quite normal. I could well be wrong and we will be plunged into a financial crisis for years to come, but I don't think so. I wonder if any of the market traders are a similar vintage to me, who remember 15% interest rates, money very hard to come by and industrial unrest a way of life. If not, no wonder they are all panicking, having had it so easy for the last 20+ years.
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