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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,...

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