UK

Lucinda Creighton: Has Truss’s disastrous ‘mini-budget’ just handed power to Starmer?

Britain’s ruined political and economic reputation can be traced back to Brexit, but while its new prime minister should be enjoying a honeymoon period, her political capital has been virtually wiped out with one ill-judged move

Liz Truss: the British prime minister undermined her own economic credibility and that of her government in just a few days. Picture: PA

Events in Britain in recent years helped to create last week’s perfect economic and political storm.

The pound plummeted and the markets demonstrated a complete lack of confidence in Britain as a sound and stable destination for investment.

Liz Truss, the British prime minister, has needlessly undermined her own economic credibility and that of her government in just a few days. Her allies have attempted to excuse the outcome and explain away the underlying economic ...