UK Markets Have Lost $500 Billion Since Liz Truss Took Over

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WATCH: The UK faces a “painful” recession that could last “3 or 4 quarters,” according to Deutsche Bank.Source: Bloomberg

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By Sagarika Jaisinghani

September 27, 2022 at 6:24 AM EDT

Updated on

September 27, 2022 at 8:02 AM EDT

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The UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidence shattered by a shock tax-cutting budget.

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