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Italy Has Flirted With Loose Fiscal Policy. Why It Won’t Melt Down Like the U.K.

Por: MarketWatch Business September 29, 2022

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The new U.K. government, led by Prime Minister Liz Truss, unveiled the biggest package of tax cuts in decades earlier this month as part of a growth plan.  The fell to a record low against the dollar, government borrowing costs soared, lenders began withdrawing mortgage products, and the Bank of England had to intervene by buying bonds after the yield on the U.K. 30-year jumped above 5% for the first time since 2002. If the U.K. government’s... + full article



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