Prime Minister Liz Truss, in office for less than a month, is already facing major pressure from financial markets and political opponents (and some fellow Conservatives) following Chancellor Kwasi Kwarteng's 'fiscal event' delivered last Friday. The statement, which imposed major tax cuts without any balancing revenue-raising measures, presaged a major sell-off in UK assets and engendered criticism from opposition parties, the IMF, and some Conservatives.

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MNI POLITICAL RISK-UK PM On The Ropes As Market & Political Fallout From Fiscal Event Continues.pdf