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BONUS: The Great British Economic Meltdown

BONUS: The Great British Economic Meltdown

One Decision vor 4 Jahren

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39:57

Podcast

One Decision

266 Episoden

One Decision is a podcast that speaks with those whose choices had an international impact.

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The British pound sterling plummeted this week after Prime Minister
Liz Truss unveiled her budget containing a divisive 45-billion tax
cut, spooking markets and leading to warnings from the IMF to the
White House. The Bank of England took emergency measures to keep
the economy afloat, promising to buy bonds at "whatever scale is
necessary." Can the UK economy avoid catastrophe as it faces
threats from inflation and fuel shortages? Leading British
economist Alpesh Paleja explains what exactly happened to bond
markets, giving us a sobering assessment of the country's financial
health and whether we have seen the worst of the storm.