Another day, another financial reckoning for the UK. This morning, traders gave no quarter as UK stocks dropped, gilt yields soared, and the pound sank to depths not seen since late 2023. The so-called "Labour government"—those bastions of fiscal prudence—are on the ropes, struggling to manage a spiraling deficit while borrowing costs shoot through the roof. In just four brutal trading sessions, the pound has collapsed to a 13-month low. Cue the comparisons to Liz Truss’ disastrous 2022 mini-budget—because apparently, lessons from that debacle were about as short-lived as a TikTok trend. The FTSE 250, a barometer for UK-focused companies, dropped 1.1%, hitting levels not seen since last April. Meanwhile, the FTSE 100—stuffed with international giants that actually benefit from…
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