Britain lost $500 billion after Truss was elected prime minister

After the appointment of Liz Truss as Prime Minister of the United Kingdom, the British stock markets lost about $500 billion. 

This was stated by analysts of the AJ Bell investment fund. According to their research, since September 5, the FTSE 350 index of the London Stock Exchange has lost more than $300 billion in market capitalization. Also during this time, the country's government bond index collapsed, losing more than $173 billion in value. In addition, pound-denominated bonds with a high rating fell by $29 billion.

Experts believe that the sharp sell-off of shares on the London Stock Exchange was provoked by inflation, which was precisely what the actions of the cabinet led by Truss led to.

Recall that on September 5, Liz Truss, who previously held the post of British Foreign Minister, was elected head of the Conservative Party. The ex-Minister of Foreign Affairs scored 81.3 thousand votes, overtaking former Finance Minister Rishi Sunak, who received 60.4 thousand votes. A sociological survey of UK residents showed that half of Britons are dissatisfied with the election results. And only 4% of respondents supported the appointment of a new prime minister.