World asset markets continue to decline this month in the face of aggressive US rate rises and the rolling energy crisis in Europe. What markets had not anticipated, though, was a wholly self-inflicted crisis in a G7 member.
The UK's mini-budget has set fiscal policy wholly at odds with monetary policy and UK inflation objectives, and the fallout has been severe: unprecedented volatility in the gilt markets, record lows in sterling, surging mortgage costs and stinging international criticism - culminating in massive Bank of England intervention.
What permanent damage might have been caused to the UK economy? Have any opportunities been created, albeit inadvertently? And most importantly, what does this mean for your investment policy?
Watch Guy's six minute strategy update as he answers these questions.