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5min chapter
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.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode