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World

Why Liz Truss failed

15 October 2022

8:34 PM

15 October 2022

8:34 PM

The markets did not crash yesterday, so there was not a Black Friday in the way some had envisaged. But this certainly was Black Friday for the Tories, a new low in the party’s history, a debacle to rival Black Wednesday but with none of the economic dividends. A new Prime Minister sacks a Chancellor for doing exactly what she told him to, then declares she will implement every single one of the corporation tax rises that she had promised to stop.

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