Is the UK Economy in a Crisis?

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Sterling fell sharply against the dollar, but also against the euro on Friday. John Defterios: Does this show that international investors are losing confidence in UK economy? He says if we were to see sterling testing, it's all time lows against the dollar. That might certainly give the government pause for thought here.

UK chancellor Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, at least 41 people have died in protests in Iran sparked by the death of a young woman who was arrested for allegedly violating Islamic dress code. Plus, the FT’s Polina Ivanova explains how Russia’s military conscription is affecting remote regions of the country.

Mentioned in this podcast:

Radical UK budget prompts backlash on Tory backbenches

Investors warn Kwarteng that fiscal plan threatens markets’ confidence in UK

Death toll from Iranian protests climbs to 41

‘Everyone will get snatched off the street’: mobilisation brings Ukraine war home to Russians

FT.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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