October 6, 2022

The U.K. Tried to Stimulate Growth. It Got Backlash Instead.

by The Journal

The U.K. government has U-turned on one part of a plan to make major tax cuts after markets reacted violently to it. WSJ's Max Colchester explains why the government's attempt to boost growth did the opposite.

Further Reading:

- U.K. Markets Turmoil Puts Spotlight on New Chancellor Kwasi Kwarteng 

- U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government 

Further Listening:

- The U.K.'s New Prime Minister Faces an Economic Crisis 

- The Pros and Cons of a Strong U.S. Dollar 

Where to Listen