“But there may be a silver lining here. This may be a wake-up call that populist policies need to pass the credibility test when it comes to foreign exchange and bond markets,” writes economist and university principal Anton Muscatelli on how the markets reined back an imploding UK government.
As UK inflation hits a 10-year high of 5.1%, a leading Scottish economist asks why global prices are rising so fast – and what central banks must now do.
“As far as the UK is concerned, the facts are absolutely clear. Those of us who believe in the economic and social benefits of an open, welcoming society should not be shy about using them.”