The IMF Crisis, 1976
The IMF Crisis, 1976
Jan 21, 2025
gresham.ac.uk
Like almost 50 years ago, Britain today faces double-digit inflation driven by soaring energy costs that will financially cripple the most vulnerable households. How did the government in 1973 cope back then? And what lessons can be learned? https://reut.rs/3prMOpS | Reuters
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#UK media and economists warn of a looming IMF-style bailout, likening #Britain’s financial turmoil to the 1970s crisis. Reports blame Rachel Reeves’ tax-and-spend policies for record borrowing, a £50B fiscal hole, and soaring debt costs. While critics compare it to economic freefall, the Treasury insists its IMF-backed fiscal plan is stabilising finances. Watch | The Times of India
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