Ex-UK PM Liz Truss Warns Bond Market Rout May Trigger Emergency Spending Cuts

Former British Prime Minister Liz Truss has issued a stark warning that the ongoing turmoil in the UK bond market could compel the government to implement emergency spending cuts. Speaking amid renewed volatility in gilts, Truss suggested that soaring borrowing costs risk destabilizing public finances, potentially forcing policymakers into abrupt fiscal tightening. The remarks come as investors closely monitor inflation data and central bank policy signals, with broader implications for global risk assets including cryptocurrencies like BTC and ETH. Market participants fear that a prolonged bond rout could dampen economic growth and reduce liquidity available for speculative investments, adding downward pressure on digital assets.