UK Government accused of losing control of the economy

A view of The Bank of England in London

A view of The Bank of England in London Source: AAP / Kirsty Wigglesworth/AP

Britain's new Prime Minister and Finance Minister have hit turbulence just a few weeks into their leadership - with the International Monetary Fund telling them to think again about their budget plans, and the Bank of England stepping in to stabilise financial markets. The British pound has dropped to its lowest value for a decade.



Share

Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world