Trump's 'Liz Truss moment': when economic bravado meets market reality

A maverick economic policy announcement from a self-styled disruptor plunges the country's currency into freefall and puts rocket boosters behind the cost of government debt, prompting warnings of an economic nuclear winter and forcing a pretty undignified U-turn. If, on top of general concern, there has been a nagging sense of deja vu in Britain over the past 24 hours, then the ill-fated 49-day reign of Liz Truss as the UK prime minister may well be to blame. "This is Donald Trump's Liz Truss moment," tweeted Ed Davey, the Liberal Democrat leader (alternatively known to followers of Elon Musk on…