This is a government's problem to solve. They are the one who created the issue by raising questions about Britain's fiscal responsibility. So far they've done small and relatively easy things. One option would be spending cuts, but you would need to cut an enormous amount. The think tank or the Institute for Fiscal Studies this week came out with calculations that reckon the government would have to save around £60 billion.
Paroxysms in the market for gilts—British-government bonds that were once safe-haven assets—reveal just how wounded the new government’s plans have left it. Cuba is experiencing the worst economic crisis in decades, and those who are not protesting are heading for the door. And making the case to let your lawn go wild.
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