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UK Markets Have Lost $500 Billion Since Liz Truss Took Over

  • Stocks, bonds slumped following new fiscal measures on Friday
  • UK markets feel like ‘the wild west,’ AJ Bell’s Hewson says
Bloomberg business news
WATCH: The UK faces a “painful” recession that could last “3 or 4 quarters,” according to Deutsche Bank.Source: Bloomberg
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The UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidence shattered by a shock tax-cutting budget.