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London’s Financial Turmoil Might Be Heading to Wall Street

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London’s Financial Turmoil Might Be Heading to Wall Street
The Bank of England, in London, England. Yui Mok/PA
J.G. Collins
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Commentary
British bonds, so-called “gilts,“ the UK equivalent of U.S. Treasuries, have been in turmoil since Chancellor of the Exchequer Kwasi Kwarteng announced a £30–40 billion tax cut last Friday. The supply-side tax cuts are intended to restore Britain to 2.5 percent annual growth.
J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
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