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Good morning. Truss will try to save her premiership, Musk wants to buy Twitter (again), no pivot yet for the Fed and concerns over Credit Suisse heighten. Here’s what people are talking about.
Liz Truss will try to get her beleaguered UK premiership back on track on Wednesday, after a bruising few days that exposed deep divisions in her ruling Conservative Party and left even members of her top team in open disagreement about what to do next. Truss is struggling to keep control less than a month into her tenure, already forced into a humiliating U-turn over her plan to cut income tax for Britain’s highest earners, which spooked financial markets and hammered support for the Tories in opinion polls. Yet on Tuesday, tensions were still simmering and two members of her Cabinet expressed disappointment that she had backed down.