Sovereign Debt Crisis Intensifies As Treasury Market Liquidity Dries Up.

in markets •  2 years ago 

After weeks of financial market #turmoil, British Prime Minister Liz Truss fired her Treasury chief and reversed tax cuts Friday to save her job.

Truss said she was keeping a corporation tax increase she previously said she would cut to "reassure the markets of our fiscal discipline" at a hastily arranged news conference. Truss replaced Treasury chief #KwasiKwarteng with ex-Cabinet minister Jeremy Hunt.

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