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Stock impact report

‘This is not a blip': Markets punish Britain for losing its way [Yahoo! Finance]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: Yahoo! Finance
They are the trends defining Britain today. It wasn't always this way. In fact, 20 years ago, the UK actually had the lowest debt among the G7 rich club of nations. Inflation was low, wages were rising, and a steadily expanding economy meant everyone felt better off. What has happened since is threatening to tear Britain's social fabric apart. The global financial crisis inflicted a deep wound on the economy. Productivity – the key ingredient to rising living standards – retreated. The pandemic subsequently created a cultural dependency on the state that spawned a surge in worklessness, leaving Britain's employees to pick up an ever-growing bill. Then in 2022 Liz Truss's mini-Budget planted a seed of doubt about the UK's credibility that has stretched well beyond her 50 days as prime minister. At the time, a plunging pound and surge in long-term borrowing costs led Larry Summers, the former US treasury secretary, to warn that Britain was “behaving a bit like an emerging Show less Read more
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