Money

Liz Truss’ mini-budget a poll disaster

Published

3 years ago

October 19, 2022

Liz Truss’ mini-budget was seen as a disaster by many, and now a new poll has found that around half of voters believe she should resign as prime minister.

The Ipsos survey found 53% of people believe Ms Truss should quit, while only 20% believe she should stay on. The findings come as the Labour Party is enjoying a surge in popularity, with most Britons believing they will win the next general election.

Tuesday’s YouGov poll found that 60% of the public expect a Labour victory, while just 18% think the Tories would win if an election were to be held.

The party’s plans to renationalise key industries and increase taxes on the wealthy have resonated with many voters, who are tired of austerity measures and cuts to public services.

Ms Truss’ mini-budget, which included a rise in fuel duty and cuts to Universal Credit, was seen as a betrayal by many of those who had voted for her party in December’s snap election.

“Truss should resign”

The Ipsos poll asked 1,000 people between 14 and 17 October whether they thought Ms Truss should resign. Just 13% of those surveyed thought she was likely to win the next general election.

These findings show that the public has little faith in Ms Truss and her ability to lead the country. It remains to be seen whether she will be able to turn things around or if she will be forced to resign in the wake of this disastrous mini-budget.

The new Ipsos poll shows that many voters believe Liz Truss should resign as prime minister in the wake of her disastrous mini-budget. Just 13% of those surveyed thought she was likely to win the next general election, which could spell trouble for her party come election time.

It remains to be seen whether Ms Truss will be able to turn things around or if she will succumb to pressure from within her party and resign.

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

23 hours ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

2 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

3 days ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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