Author Topic: Truss quits!  (Read 105 times)

Caesar

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Truss quits!
« on: October 20, 2022, 01:39:46 PM »
1:30pm uk time, Truss resigns
Hail Caesar.
No, just a bit of rain

Caesar

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Re: Truss quits!
« Reply #1 on: October 20, 2022, 01:43:13 PM »
There will be a new leader by the end of next week.
5th Tory leader in 6 years
Hail Caesar.
No, just a bit of rain

Peterma

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Re: Truss quits!
« Reply #2 on: October 20, 2022, 08:15:35 PM »
Key for market stability will be whether MP's select the new PM or Membership.

By default if MP's then he/she will have their backing - lack of which has caused the recent shenanigans.

Early talk was that it would be MP's then later doubt on that - thus the see-saw on gilts.

More hassle ahead for mortgage holders some of whom got their Dear Customer letters this week on interest rises from next month.