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The economic consequences of Liz Truss’s record-short spell as UK prime minister will be long-lasting and present a formidable challenge to Rishi Sunak, who is replacing her. Truss’s government squandered the UK’s longstanding reputation for fiscal prudence, and rebuilding that will be costly, particularly in these geopolitically challenging times. Restoring the credibility of the UK’s economic policy should be Sunak’s top priority.
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