The seeds were planted when Prime Minister Truss proposed a massive tax cut. Markets responded by raising bond yields and devaluing the pound which required a Bank of England intervention.
So called experts said her tax cuts would exacerbate inflation.
The tax cuts were “unfunded”.

I supported her tax plan. I am still stunned that markets reacted so negatively to a tax cut ✂️

God forbid the taxpayer has more money and the government needs to cut spending.