This week's episode of In The City isn't for the lighthearted. Three weeks into her term, UK Prime Minister Liz Truss’s financial plans have sowed market chaos, pummeled the pound and put her political future in doubt. So how bad is it? Adam Posen, president of the Peterson Institute for International Economics, tells David Merritt and Francine Lacqua that "it's hard to imagine worse panic than what we've seen ... it's just really sad to see the UK government behaving in this irresponsible way."

Plus: The pound is on parity watch. We hear from a trader who made billions in 2008 and is now buying up sterling, and a hedge fund manager who is shorting the pound and betting against UK stocks.

And to get the latest on UK news delivered to your inbox, subscribe to The Readout with Allegra Stratton.

This week's episode of In The City isn't for the lighthearted. Three weeks into her term, UK Prime Minister Liz Truss’s financial plans have sowed market chaos, pummeled the pound and put her political future in doubt. So how bad is it? Adam Posen, president of the Peterson Institute for International Economics, tells David Merritt and Francine Lacqua that "it's hard to imagine worse panic than what we've seen ... it's just really sad to see the UK government behaving in this irresponsible way."
Plus: The pound is on parity watch. We hear from a trader who made billions in 2008 and is now buying up sterling, and a hedge fund manager who is shorting the pound and betting against UK stocks.
And to get the latest on UK news delivered to your inbox, subscribe to <a href="https://www.bloomberg.com/account/newsletters/readout ">The Readout</a> with Allegra Stratton. <a href="https://www.bloomberg.com/account/newsletters/readout" data-destination="rte:bind"></a>

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

The Bank of England Blinked. But Will Truss?

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