While the pound plummeting to a record low causing soaring interest rates has been a terrifying prospect for many families up and down the country, there are some Liz Truss supporters along with a Tory donor that are said to be profiting from the sterling shortfall. Crispin Odey, a hedge fund boss who employed Kwasi Kwarteng as a political consultant more than a decade ago, placed a bet believing traders underestimated how long inflation would peak - with his firm now raking in millions.
The 63-year-old placed a similar bet after the Brexit vote which saw him make £220 million overnight, as previously revealed by The Mirror in 2019. Now, he has overseen a 145 per cent rise in his company's main fund this year, according to sources.
Mr Odey, who has donated more than £75,000 to the Tories since 2017, and also ploughed £10,000 into former PM Boris Johnson's leadership campaign, said his policy of betting against the pound had been "helpful".
