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Larry Summers blasts UK tax cuts as 'utterly irresponsible' and warns of possible contagion

Por: CNBC Business September 27, 2022

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Larry SummersCameron Costa CNBCLONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government's fiscal policy sent markets into a tailspin.The  hit an all-time low against  in the early hours of Monday morning, before recovering slightly on Tuesday, while the  rose to its highest level since 2008 as on Friday.related investing news13 hours ago21 hours... + full article



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