The U.K. Tried to Stimulate Growth. It Got Backlash Instead.
Podcast: The Journal.Published On: Thu Oct 06 2022
Description: The U.K. government has U-turned on one part of a plan to make major tax cuts after markets reacted violently to it. WSJ's Max Colchester explains why the government's attempt to boost growth did the opposite. Further Reading: - U.K. Markets Turmoil Puts Spotlight on New Chancellor Kwasi Kwarteng - U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government Further Listening: - The U.K.'s New Prime Minister Faces an Economic Crisis - The Pros and Cons of a Strong U.S. Dollar Learn more about your ad choices. Visit megaphone.fm/adchoices
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