Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 14 October 2022 - A debt-fuelled crisis drives IMF concern
Description: The IMF has reacted to the management of the UK economy by the new Governments as incoherent and described fiscal and monetary policy as pulling in opposite operations.
They agree with the Office of Budget Responsibility that spending cuts are needed to balance the books but have not published any figures to back this up, although the OBR puts the number at around sixty billion pounds.
It’s rumoured that Truss has considered ripping up the mini budget due to its unpopularity with backbench Conservative MPs and the effect it has had on the markets.
There is a genuine possibility th...