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
