{"id":778,"date":"2022-10-19T16:34:49","date_gmt":"2022-10-19T15:34:49","guid":{"rendered":"https:\/\/edwardsnet.org\/?p=778"},"modified":"2022-10-19T16:34:50","modified_gmt":"2022-10-19T15:34:50","slug":"will-the-uk-financial-chaos-spark-a-wider-meltdown","status":"publish","type":"post","link":"https:\/\/edwardsnet.org\/index.php\/will-the-uk-financial-chaos-spark-a-wider-meltdown\/","title":{"rendered":"Will the UK financial chaos spark a wider meltdown?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"976\" height=\"549\" src=\"https:\/\/edwardsnet.org\/wp-content\/uploads\/image-2.png\" alt=\"\" class=\"wp-image-779\" srcset=\"https:\/\/edwardsnet.org\/wp-content\/uploads\/image-2.png 976w, https:\/\/edwardsnet.org\/wp-content\/uploads\/image-2-300x169.png 300w, https:\/\/edwardsnet.org\/wp-content\/uploads\/image-2-150x84.png 150w\" sizes=\"(max-width: 976px) 100vw, 976px\" \/><figcaption>Governments everywhere are finding it more costly to borrow<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The recent chaos on the UK financial markets has generated waves of stress and selling by investors far beyond the UK.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the sell-offs collide with high inflation, rising interest rates and the war in Ukraine, they have raised fears the turmoil in the UK could set off a wider crisis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many analysts have said they believe the fallout is likely to be limited, especially amid signs that the government is reconsidering some of its plans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bbc.co.uk\/news\/uk-politics-63261432\">Chancellor Kwasi Kwarteng was sacked on Friday<\/a>, and the government has dropped parts of the package of tax cuts that initially sparked the market turmoil.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But the episode has highlighted the financial risks of the current moment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Markets are fragile. We have seen vulnerability that&#8217;s been building over the last decade-plus,&#8221; Fabio Natalucci, a deputy director at the International Monetary Fund (IMF), said earlier this week, describing the UK episode as a &#8220;warning shot&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;That fragility makes the financial risk much more elevated.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-63221410\" target=\"_blank\" rel=\"noreferrer noopener\">More>>><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent chaos on the UK financial markets has generated waves of stress and selling by investors far beyond the<\/p>\n<p><a href=\"https:\/\/edwardsnet.org\/index.php\/will-the-uk-financial-chaos-spark-a-wider-meltdown\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\">Will the UK financial chaos spark a wider meltdown?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[13,56],"tags":[],"class_list":["post-778","post","type-post","status-publish","format-standard","hentry","category-business-news","category-economy-news"],"_links":{"self":[{"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/posts\/778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/comments?post=778"}],"version-history":[{"count":1,"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/posts\/778\/revisions"}],"predecessor-version":[{"id":780,"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/posts\/778\/revisions\/780"}],"wp:attachment":[{"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/media?parent=778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/categories?post=778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edwardsnet.org\/index.php\/wp-json\/wp\/v2\/tags?post=778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}