Britain

Reviews |  Britain replaced Italy as Europe's problem economy

Reviews | Britain replaced Italy as Europe’s problem economy

Earlier this month, pessimists on the lookout for the next financial crisis in Europe pointed the finger at Italy. As the pessimists predicted, Italians elected a populist coalition led by the post-fascist Italian Brothers party. But a funny reversal happened. The Italian economy seems temporarily stable. Britain has become the weak power in Europe. Which …

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Britain scares away investors with historic tax cuts and borrowing

Britain scares away investors with historic tax cuts and borrowing

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades Pound drops 3% to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng on Friday announced historic tax cuts and huge increases in borrowing in …

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