Can the British government avert a financial crisis? | Counting the Cost

Can the british government avert a financial crisis? | counting the cost

Al Jazeera English published this video item, entitled “Can the British government avert a financial crisis? | Counting the Cost” – below is their description.

The British prime minister is betting big on a fiscal policy that includes the biggest tax cuts in the United Kingdom in half a century – funded by borrowing.

Liz Truss says the plan will kick-start the economy. But her critics say it is a reckless gamble. And the plans seem to have backfired already. The pound has fallen to record lows, and financial markets have gone into turmoil.

In rare public criticism of a leading global economy, the International Monetary Fund has warned the plan could increase inequality in the UK.

Elsewhere, Bollywood and Nollywood movies fight to stay in the spotlight.

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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Mary Elizabeth Truss is a British politician serving as Secretary of State for Foreign, Commonwealth and Development Affairs since 2021 and Minister for Women and Equalities since 2019. A member of the Conservative Party, she has been Member of Parliament for South West Norfolk since 2010.

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The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe.

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