Wall Street

Analysis-Britain’s new vision leaves onlookers with nightmares

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Reuters UK

By Andy Bruce and Lindsay Dunsmuir LONDON (Reuters) – Britain’s new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40 years, for which the chance of success fell instantly as investors ditched sterling assets. Prime Minister Liz Truss’s “Growth Plan” is Britain’s second roll of the dice at economic renewal following the 2016 vote for Brexit which, so far at least, has failed to yield returns. Investors reacted with dismay to the combination of free spending, unfunded tax cuts and huge increases in government borrowing announced by finance mini…

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