Business

The UK is neither an emerging market nor a cheap place to invest


The UK is not an emerging market, but that doesn’t mean it’s ripe for investment.

In his keynote speech at the Conservative Party’s annual conference on Wednesday, the British Prime Minister drew Liz Truss argues that the economic benefits of her tax cuts will outweigh the market turmoil they caused last week. Many analysts point to the simultaneous sell-off in sterling and government bonds as a frightening sign that Britain is behaving like an emerging economy, where currency slippage often forces banks to lose money. central banks must tighten policy and push governments to default.

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