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Podcast: Beyond Currency
Episode: 11 October 2022 - Kwarteng brings forward details of his economic plan
Description: The market’s confidence in the UK financial system has been suffering for a considerable amount of time. It began with the Bank of England’s indecisiveness over tightening monetary policy, as Monetary Policy Committee members were unsure of the effect of higher interest rates on economic growth.
Faced with concerns over rising prices coupled with the prospect of lower growth, they tried to manage both, which has proved impossible. Ten months after they first raised rates, the country is still facing a recession and a rate of inflation that is continuing to rise.
Under Rishi Sunak, the Treasury may not...