The Economy of the UK Is in Serious Trouble
Economics Explained
The Economic Decline and Black Wednesday
This chapter explores the economic decline of the UK, starting with the events of Black Wednesday in 1992 and the country's decision to join the exchange rate mechanism. It discusses the challenges faced by the UK as Germany's interest rate increase affected its economy and led to the failure of the exchange rate mechanism.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
