The U.K. Economy Is Having a Meltdown. Why It’s Going to Get Worse. | Barron’s
The recent sharp drop in the British pound and in U.K. government bonds means traders are at panic stations, with repercussions being felt across the globe.
The spectacular drops in the past month were sparked by a dramatic policy decision to borrow billions to cut taxes to supercharge growth. But they are the culmination of years of deterioration.
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