Liz Truss has recently been in the news due to her involvement in various political discussions and controversies, particularly surrounding her tenure as Prime Minister, which lasted just 49 days in late 2022. Her economic policies, including significant tax cuts, faced severe backlash and contributed to market instability, leading to her resignation. Additionally, her ongoing roles as Secretary of State for International Trade and Minister for Women and Equalities have kept her in the public eye, as she navigates the complexities of trade negotiations and gender equality issues.
Born on July 26, 1975, in Oxford, England, Elizabeth Mary Truss, commonly known as Liz Truss, is a prominent British politician. She studied Philosophy, Politics, and Economics at Merton College, Oxford, before entering politics. Truss was first elected as the Member of Parliament for South West Norfolk in 2010. Over the years, she has held various cabinet positions, including Secretary of State for Environment, Food and Rural Affairs, and Chief Secretary to the Treasury. Her political career has been marked by a focus on free-market policies and a commitment to reducing regulatory burdens on businesses.
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U.S. Treasury yields have surged following President Trump's announcement of steep tariffs, raising concerns about the traditional safe-haven status of Treasuries. The sell-off in bonds, unusual during recession fears, has prompted Trump to pause tariffs for 90 days, but uncertainty remains about future economic stability.
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On April 10, 2025, President Trump announced a 90-day pause on tariffs affecting 75 countries, causing initial stock market gains. However, confusion arose as tariffs on China were reportedly increased to 145%. Critics argue this reflects a significant retreat by Trump amid economic instability and rising borrowing costs.
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Michael Gove has been awarded a peerage by Rishi Sunak in a resignation honours list, sparking backlash from opposition parties. Critics label the list an 'ID parade of political flunkies,' highlighting Gove's controversial legacy in education and politics. Other notable recipients include former ministers and allies of Sunak.
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Nigel Farage, leader of Reform UK, criticized US President Donald Trump's recent economic decisions, likening them to former UK PM Liz Truss's short-lived tenure. Farage expressed concerns over Trump's tariffs and their impact on global markets, while distancing himself from the president's more controversial policies. This commentary comes amid Trump's recent rollback on tariffs.
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As of April 24, 2025, young investors are increasingly entering the market, with Gen Z starting at an average age of 19. However, market volatility and trade tensions are causing caution among some, as experts recommend strategies like dollar-cost averaging. The bond market's instability raises concerns about the U.S. as a safe investment haven.