Rishi Sunak is tearing up ‘Trussonomics’ (Victoria Jones/PA)
(Picture: PA Wire)Rishi Sunak arrived into office, at age 42 years and 163 days, as the youngest PM since Robert Jenkinson, 2nd Earl of Liverpool in 1812 who was age 42 and one day. Rishi got there based on the votes of 357 Tory MPs.
The cost of borrowing fell on the news which is good. But after initially rising to $1.14 the pound fell back to just under $1.13 by the end of the day. The honeymoon period probably lasted less than the day. Further judgment of the markets is going to come quickly.
