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Matthew Watson, Professor of Political Economy, University of Warwick

Autumn statement 2022: this budget may not cause Truss-level chaos but it could still provoke markets

Rishi Sunak's government is set to deliver its first budget statement on November 17 2022. I T S / Shutterstock

Liz Truss’s short-lived government presided over an even shorter-lived economic experiment in “Trussonomics”. As investors responded to September’s mini-budget by demanding higher interest premiums to purchase UK debt, the government was unable to execute its plans. Truss was reduced to a helpless bystander as her new chancellor, Jeremy Hunt, started dismantling her economic plans before she even left office.

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