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EXPLAINER: What caused UK s economic crisis and what s next?

LONDON (AP) Prime Minister Liz Truss took office last month promising to reenergize the British economy and put the nation on a path to “long-term success.” Instead, her tenure so far has been marred by turmoil as mortgage rates soared, the pound fell to record lows and chaos in bond markets threatened the country’s financial stability.

Brace for 15pc inflation without energy bailout, economists warn

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