As mortgage rates rise and the cost of living crisis deepens in the aftermath of Kwasi Kwarteng’s mini-budget, some politicians and their friends in the City continue to ride high above the economic storm – and even profit from it.
One investor who is making millions out of the financial crisis is the new chancellor’s former employer: high-profile hedge fund manager Crispin Odey.
Odey’s fund has been betting that the cost of government debt would increase, and that’s precisely what’s been happening – particularly since the controversial mini-budget last Friday.
