If anyone was expecting markets to be in jubilant mood after Liz Truss’s resignation, they will be feeling a little disappointed. True, the pound has risen and gilt yields have fallen this afternoon – but not by much. They moved far further on Monday when most of Truss and Kwasi Kwarteng’s mini-Budget was ditched, which is perhaps only to be expected.
We could be heading for a general election – and markets may not like it
At 3.30
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