UK facing 1970s-style balance of payments crisis under Liz Truss
TheGuardian
SEPTEMBER 5, 2022
Tax cuts and spending pledges could spook global markets and trigger a collapse in sterling, Deutsche Bank warns Britain could face a 1970s-style balance of payments crisis in which the pound crashes if Liz Truss’s government loses the confidence of international investors, one of Europe’s biggest banks has warned. Continue reading.
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