Truss’ ‘Fairytale’ Crumbles! Markets Losing Confidence In UK Economy | India Development Debate

It was known that Liz Truss would not have it easy…Inheriting the cost-of-living crisis has already made her unpopular but steps taken by her government have not only sent the stock markets reeling it have also driven the pound to a record low against the dollar. Let’s not forget the close to 10% inflation the country is reeling under and soaring interest rates to help fight these bleak macro data. So how did Britain get here and what’s next for the Sixth Largest Country In Terms Of GDP…Will it have an impact on India-UK ties and how will Indian companies doing business in the UK be impacted? ET NOW’s Tamanna Inamdar speaks with Ajay Srivastava, Market Expert, Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLP & Paul Hickin, Director, S&P Global Commodities Insights to answer some of those questions. Tune in! #ETNow #LatestNews #IndiaDevelopmentDebate