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Truss faces whim of markets and mutinous UK MPs in key week

Bloomberg
Bloomberg • 5 min read
Truss faces whim of markets and mutinous UK MPs in key week
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Britain’s beleaguered prime minister Liz Truss is battling to rescue her premiership this week, when financial markets will deliver a fresh verdict on her screeching economic reset while mutinous backbenchers plot to oust her.

Only 40 days in office, Truss spent Sunday huddling with new Chancellor of the Exchequer Jeremy Hunt, her pick to restore stability after a humiliating climbdown that included sacking her initial choice for the job and junking an economic plan that triggered a sell-off in UK assets.

While markets will be testing Truss, her fate ultimately rests with a Conservative Party that has her scrambling to save her job.

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