British markets slump as investors digest Truss' resignation
Money Talks
English - October 21, 2022 09:27 - 2 minutesBusiness News Business News business money finance banking currency stocks politics economy economics analysis Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Oil prices slump over signs of weaker demand from largest consumers
Next Episode: Recession risks rise in Europe as energy costs mount
British markets are heading lower amid the continuing fallout from the resignation of Prime Minister Liz Truss. Truss' downfall was the result of a deeply unpopular economic programme that called for tax cuts, and therefore more debt on the back of taxpayers. Focus now turns to how the ruling Conservative Party plans to respond to the rising cost of living, and slowing economic growth.
For more, we spoke to Jameel Ahmad, who is the chief investment strategist for MENA at Alpari in Dubai.
#BritishEconomy #LizTruss #Resignation