Larry

The ‘pro-growth’ government has only made a UK recession more likely | Larry Elliot

Liz Truss became prime minister promising to shake things up and she certainly did. In less than a month, the new government has hiked interest rates, crashed the pound, torpedoed the housing market, made recession inevitable and left its party on course for an epic defeat in the next few months. elections. Not bad to …

The ‘pro-growth’ government has only made a UK recession more likely | Larry Elliot Read More »

Larry Summers warns that global economic risk is approaching pre-Great Recession levels

Larry Summers warns that global economic risk is approaching pre-Great Recession levels

The current level of risk in global markets is reminiscent of conditions seen in 2007 before the Great Recession, former Treasury Secretary Larry Summers warned Thursday. Summers detailed his concerns a day after the Bank of England was forced to intervene to stabilize the UK’s cratering economy – an event some saw as a potential …

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Larry Summers calls UK tax cuts 'totally irresponsible' and warns of possible contagion

Larry Summers calls UK tax cuts ‘totally irresponsible’ and warns of possible contagion

Larry Summers Cameron Costa | CNBC LONDON — Former US Treasury Secretary Larry Summers warned on Tuesday that the United Kingdom had lost its sovereign credibility after the new government’s fiscal policy sent markets tumbling. The pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on …

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