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£300B Wiped From UK Markets in Truss' First Month as PM

At least £300 billion ($340 billion) has been wiped from the combined value of the UK's stock and bond markets since Liz Truss became prime minister. Unfunded tax cuts, intervention by the Bank of England and a humiliating government climbdown have raised questions over the credibility of Truss's government. Yesterday, Fitch Ratings lowered the UK's credit outlook to negative from stable, citing risk that the new premier's growth plan could increase the fiscal deficit. Joe Easton reports on Bloomberg Television. (Source: Bloomberg)
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