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-   -   The last UK budget nearly crashed the economy. It's still stuck in the doldrums (https://forums.calgaryn.com/showthread.php?t=8122434)

news 03-15-2023 02:25 PM

The last UK budget nearly crashed the economy. It's still stuck in the doldrums
 
The last time a British finance minister unveiled a "budget for growth," UK financial markets crashed and mortgage rates shot up, threatening to tip an already weak economy into a deep recession. Kwasi Kwarteng was out of office within weeks, to be followed shortly by his boss, former Prime Minister Liz Truss.

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