US EditionRachel Reeves ‘Heading Towards IMF Bailout’, economists warn
- Economists warn that Rachel Reeves' policies could lead Britain toward a 1976-style IMF bailout, raising concerns about economic stability.
- Britain's debt-to-GDP ratio is now 96.3%, leading to debt interest payments of £111.2 billion this year.
- Britain's debt-to-GDP ratio is now the fifth-highest in the developed world at 96.3%, according to the Office for Budget Responsibility.
- A Treasury spokesman called the warnings of a financial crisis 'unfounded,' asserting the government's fiscal strategy will stabilize finances.
13 Articles
13 Articles
Rachel Reeves 'pushing Britain towards 1976-style IMF bailout and economic collapse'
Rachel Reeves is pushing Britain towards a 1976-style bailout by the International Monetary Fund, top economists have warned.The Chancellor's handling of the economy could set the UK back nearly 50 years - when soaring borrowing and inflation forced the country to take a $3.9billion loan to secure the value of sterling.Professor Jagjit Chadha, the former head of the influential National Institute for Economic and Social Research (NIESR) has said…
Australian National Review - The United Kingdom is Headed for an Economic Crash and an IMF Bailout
The United Kingdom is Headed for an Economic Crash and an IMF Bailout Rachel Reeves’ tax-and-spend gamble is driving Britain towards a 1970s-style debt crisis and bailout from the International Monetary Fund, leading economists have warned. They have said the Chancellor’s handling of the economy risks a return to the years of high inflation and borrowing that ended with Britain being forced to borrow billions from the International Monetary Fund…
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