The UK is in the grip of a full blown financial crisis, with the Bank of England forced to make an emergency intervention because of “material risk to UK financial stability”. This in the aftermath of Kwasi Kwarteng’s Financial Statement which slashed taxes for high earners, and earned an unprecedented rebuke from the Washington-based International Monetary Fund who said that the government’s economic policy would undermine efforts by the Bank to tackle rising inflation.
UK Financial Crisis - Bank Intervenes
UK Financial Crisis - Bank Intervenes
UK Financial Crisis - Bank Intervenes
The UK is in the grip of a full blown financial crisis, with the Bank of England forced to make an emergency intervention because of “material risk to UK financial stability”. This in the aftermath of Kwasi Kwarteng’s Financial Statement which slashed taxes for high earners, and earned an unprecedented rebuke from the Washington-based International Monetary Fund who said that the government’s economic policy would undermine efforts by the Bank to tackle rising inflation.