The U.K. Tried to Stimulate Growth. It Got Backlash Instead.

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The U.K. government has U-turned on one part of a plan to make major tax cuts after markets reacted violently to it. WSJ’s Max Colchester explains why the government’s attempt to boost growth did the opposite.

Further Reading:

U.K. Markets Turmoil Puts Spotlight on New Chancellor Kwasi Kwarteng 

U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government 

Further Listening:

The U.K.’s New Prime Minister Faces an Economic Crisis 

The Pros and Cons of a Strong U.S. Dollar 

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