Why UK PM Truss' Economic Rescue Plan Won't Fly, Could Put Paid to Tories' Election Hopes

On September 23, UK Chancellor Kwasi Kwarteng unveiled his new mini-budget, pledging to turn the "vicious cycle of stagnation into a virtuous cycle of growth." Nonetheless, the markets reacted negatively to Kwarteng's promises, with the sterling and British government bonds going sharply down.