- Prime Minister Liz Truss’s new government was off to a rough start after the British pound fell to an all-time low against the US dollar on Monday.
- The currency plummeted following the announcement of a “minibudget” by the new Chancellor of the Exchequer Kwasi Kwarteng.
- Truss replaced Boris Johnson as Conservative leader and UK prime minister on September 6, winning an internal party election on the promise of returning to the neoliberal heyday under right-wing leader Margaret Thatcher.
UK: Pound falls to historic low following tax cut announcement 26.09.2022
