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‘Uninvestable’ UK Market Lost £300 Billion in Truss’s First Month

  • Investors turn away from British policy chaos: Liberum
  • Domestic stocks start to look cheap as pound recovers
Bloomberg business news
WATCH: At least £300 billion was wiped from UK stock and bond markets since Liz Truss became prime minister. Joe Easton reports.Source: Bloomberg

A wild first month for Liz Truss’s government has seen at least £300 billion ($340 billion) wiped from the combined value of the nation’s stock and bond markets.  

While assets globally have been roiled by central bank efforts to tame surging inflation, confidence in the UK has been shaken. The September selloff on concerns about the Truss government’s tax cuts saw the pound hit a record low against the dollar, intervention by the Bank of England and a humiliating government climbdown amid questions over credibility