lessons from the UK's long history of economic crises
- Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London
It was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England.
Such high levels of uncertainty, especially during a cost-of-living crisis,...
