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Lessons from Britain: how not to run an economy | ABC News Daily

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September 29, 2022

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It’s been a tough year for the economy, with a lot of Australians struggling with rising interest rates and a surge in the cost of living. SubscribeSubscribe to the ABC News Daily podcast here

But spare a thought for the people of Britain, where this week the new government’s mini-budget sent an already struggling economy into freefall, and the pound to the lowest level ever recorded against the US dollar.

Today, the ABC’s business editor, Ian Verrender, on the impact on global markets, and why our own budget this month will be one of the most conservative yet.

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.

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Lessons from Britain: how not to run an economy | ABC News Daily · Abc Australia · Sentinel