A market rebellion forced the UK to scrap its economic growth plan. It's a warning for global leaders. | Businessinsider

📆 18/10/2022 03:30 p. m.
📰 News24

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 80%

México Noticias Noticias

México Últimas Noticias,México Titulares

The ferocious market reaction to UK Prime Minister Liz Truss' aggressive tax-cutting plan has forced her to ditch most of her proposals and fire her finance minister, Kwasi Kwarteng – all in the space of only a month. | BISouthAfrica

Truss now faces calls to resign, a signal to other world leaders that aggressive economic policymaking in the current climate of fragility can spook investors and cost lawmakers their jobs.Pounds, bonds, and emergency action

Investors feared the cuts would accelerate already-high inflation, force the Bank of England to hike interest rates by more than expected, and blow a hole in the national budget. This, in turn, threatened to worsen the UK's cost-of-living crisis, choke economic growth, and push the country closer to fiscal meltdown.

Escribir Comentario

BISouthAfrica Poor African 🤷‍♂️

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

New fiscal approach by new UK finance minister Jeremy HuntHunt spent his first weekend in the role coming up with a radically different financial plan from that of UK Prime Minister Liz Truss
Fuente: BDliveSA - 🏆 12. / 63 Leer más »