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Duncan Weldon: Treacherous path ahead for Bank of England and markets
Either interest rates will have to rise to levels that will crush demand or sterling risks falling further, adding to inflation. After 12 years of fiscal conservatism being the lodestar of British economic policy, the sudden switch to a tax-cutting, supposedly pro-growth agenda has clearly rattled investors. To say that Friday’s “mini-Budget”
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Posted: September 27, 2022 Tuesday 11:15 AM