Truss under fire as pound sinks and BoE sounds alarm ...Qatar

The government of new British Prime Minister Liz Truss yesterday came under pressure after the pound hit a record low against the dollar following a huge tax-cutting budget last week. In a rare statement issued between its rate-setting meetings, the Bank of England said it was monitoring market developments “very closely”. The UK central bank said it would “not hesitate to change interest rates by as much as needed” to curb high inflation — hinting at further pain for British households and companies. But it also signalled that it would wait until its next policy meeting on November 3 before fully assessing the impact of the government’s contentious plans. The main opposition Labour party l

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