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The National (Scotland)
The National (Scotland)
National
Hamish Morrison

Liz Truss City backers 'made small fortunes betting against plunging pound, report claims

Liz Truss United States
Liz Truss supporters are said to have made 'small fortunes' betting against the pound

LIZ Truss-supporting investors made “small fortunes” as the value of the pound plummeted following the radical Conservative budget announced on Friday, a report has claimed.

The pound slumped to near parity with the US dollar last week, after Chancellor Kwasi Kwarteng unleashed a budget which would cut taxes for the super-rich by massively increasing public borrowing.

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