Britain’s crisis shows what could be in store for economies across the globe.
The crisis in the U.K. offers a preview of dangers other economies could face in an era of high inflation and rising interest ratesA toxic mix of politics, inflation and higher interest rates is threatening the financial system in the U.K., sending a shock wave through global markets and providing a warning to governments everywhere of the dangers of the new economic era we are entering.
A surprise tax cut by the new British government just over a week ago sparked investor concern about the country’s fiscal credibility and crashed both the pound and the market for U.K. government bonds, known as gilts.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Did Hurricane Ian damage your home, vehicle? Disaster victims may apply to FEMA for financial help.The Biden administration is all but certain to declare Florida a major disaster area after Hurricane Ian, meaning Floridians can get financial help.
Read more »
Deglobalization Is Happening. Crypto Is Part of the AnswerIt would be a stretch to say blockchain and crypto alone can solve rising systemic crises, but they show how systems can keep humanity connected in the face of dramatic upheaval. Opinion by DavidZMorris for 'The Node' newsletter.
Read more »
Storm scam warning: Best ways to help out and avoid getting ripped offAfter the devastation of Hurricane Ian and Fiona, the Better Business Bureau is warning to watch out for donation scams related to the disaster.
Read more »
Hurricane Ian: When the Power Grid Goes Out, Could Solar and Batteries Power Your Home?The storm is the latest in a line of hurricanes and extreme heat and cold events that have knocked out power to millions of Americans in recent years for days at a time. — The Conversation
Read more »