13 Oct 2022

UK: More market meltdown, cut-price coronation

From Nine To Noon, 9:45 am on 13 October 2022

Prime Minister Liz Truss says she won't make any cuts to public spending - but has warned there'll be "difficult decisions" ahead. And the chaos after the ‘mini-Budget’ is continuing- with the markets in meltdown again today.

The Bank of England said it'll end its emergency bond buying bailout - designed to stabilise the markets - on Friday, prompting fresh fears of instability. And King Charles will be crowned on May 6 - but could it be a cut-price coronation?

Contender to become the country's next prime minister and leader of the Conservative party, British Foreign Secretary Liz Truss.

Liz Truss has had a frosty reception as she met with Tory MPs this morning, amid more market turmoil. Photo: AFP