Politics8/28/2025•Bloomberg
Odd Lots: Liz Truss on a ‘Doom Loop’ Engulfing the UK (Podcast)
The article discusses the current economic situation in the United Kingdom, particularly the high interest rates and concerns about fiscal sustainability. It mentions that the former UK Prime Minister Liz Truss unveiled a mini-budget in October 2022 that spooked the gilt market, leading to even higher rates at the long end of the British yield curve. The article suggests that the UK is facing a "doom loop" of high interest rates and fiscal anxiety, which is a concern for the overall economy. The podcast episode aims to explore the reasons behind this angst and the challenges facing the UK.
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