The markets are breathing a sigh of relief as British Prime Minister Liz Truss calls it quits.

Truss was in the job for only 44 days, making her the third to resign in as many years, and the shortest Prime Minister in history.

Her tax cut plan proved to be her downfall, with the British economy tanking before rebounding after a dramatic U-turn earlier in the week.

It's expected the markets will recover, but trust between the government and markets will take some time to rebuild.

Business commentator Rod Oram joined Andrew Dickens.

LISTEN ABOVE

The markets are breathing a sigh of relief as British Prime Minister Liz Truss calls it quits.
Truss was in the job for only 44 days, making her the third to resign in as many years, and the shortest Prime Minister in history.
Her tax cut plan proved to be her downfall, with the British economy tanking before rebounding after a dramatic U-turn earlier in the week.
It's expected the markets will recover, but trust between the government and markets will take some time to rebuild.
Business commentator Rod Oram joined Andrew Dickens.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.