Truss sails into the economic maelstrom, by Publius

The Economy

In the first three weeks of her Prime Ministership, UK Prime Minister Liz Truss has exploded a pair of bombs under UK capital and currency markets. Her first policy was to announce a cap on prices paid by all UK households for energy, to be funded by the issue of £100 billion or so of new government debt. We’ll call this the energy price cap. The next p…