Asian Spectator

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Plunging pound and crumbling confidence: How the new UK government stumbled into a political and financial crisis of its own making

  • Written by David McMillan, Professor in Finance, University of Stirling
Plunging pound and crumbling confidence: How the new UK government stumbled into a political and financial crisis of its own makingThe hard hats likely came in handy recently for Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng.Stefan Rousseau/Pool Photo via AP

The new British government is off to a very rocky start – after stumbling through an economic and financial crisis of its own making.

Just a few weeks into its term on Sept. 23, 2022, Prime...

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