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Liz Truss Isn’t to Blame for the UK Market Turmoil

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Liz Truss Isn’t to Blame for the UK Market Turmoil
Prime Minister Liz Truss during a press conference in the briefing room at Downing Street on Oct. 14, 2022. Daniel Leal/PA Media
Daniel Lacalle
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Commentary

We live in strange times. The same people that vehemently defended massive deficit spending and money printing as the solution to the global economy now blame the turmoil of the UK bond and currency markets on a deficit-increasing budget.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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