The UK’s economic policy has it sitting in the naughty corner-September 27, 2022

In a swift set of reactions, international opinion about the UK’s recent mini-budget has shifted from adverse market sentiment, to critical assessments from international agencies:

First, the IMF has criticized, clearly, the “untargeted” fiscal policy underlying the budget:

The UK Treasury response to the IMF (below), doesn’t really say anything:

Next, Moody’s rating agency gave a harsh warning about future borrowing costs:

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Author: Dennis G Jones (aka 'The Grasshopper')

Retired International Monetary Fund economist. My blog is for organizing my ideas and thoughts about a range of topics. I was born in Jamaica, but spent 30 years being educated, living, and working in the UK. I lived in the USA for two decades, and worked and travelled abroad, extensively, throughout my careers and for pleasure. My views have a wide international perspective. Father of 3 girls. Also, married to an economist. :)

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