Urgent.News

What's breaking now, across thousands of outlets.

Business

45 Tage Macht, null Einsicht: Liz Truss rechnet ab – und sieht sich als Opfer eines Komplotts

Ihr Name steht für wegbrechendes Vertrauen an Finanzmärkten. Nun will die kurzzeitige britische Premierministerin mit einem Buch ihre Ehre retten.

Original German Read in English

45 Tage Macht, null Einsicht: Liz Truss rechnet ab – und sieht sich als Opfer eines Komplotts

Liz Truss, the former British Prime Minister, has written a book titled "Bank Job" to rehabilitate her image after her brief 45-day tenure as leader. The book claims to reveal a conspiracy by a powerful elite to undermine her government and markets. The cover features masked men representing prominent figures like Tony Blair, Gordon Brown, and Mark Carney.

Truss accuses the Bank of England of manipulating markets through its bond purchases to save the government's flawed budget. She also blames pension funds for their misguided strategies based on low-interest rates. Truss believes the Bank intentionally caused market panic to justify their intervention and save the unpopular budget.

She feels deeply aggrieved by these allegations and criticizes the media for their lack of economic understanding. Critics have called her book "the most ridiculous thing I have read" and given it zero stars.

Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nzz.ch →

More in Business

D-St just 5% away from highs with a 10% bounce from lows

The rupee has shown a significant recovery, closing at 93.90 this week, its best level since April. Recent drops in oil prices have alleviated inflation concerns and supported the local currency.

  • Rupee rose 10% from May lows, nearing 2019 high
  • Currency at 93.90 on Friday, 5% away from peak
  • FPIs bought ₹15,000 crore in Indian equities this week

More from Saturday 7 November →