The U.K.’s Financial Drama Is a Test for the World

The U.K.’s Financial Drama Is a Test for the World

The United Kingdom is staring into the financial abyss. After new tax cuts were announced last week, the International Monetary Fund expressed skepticism and the Bank of England warned of “material risk to U.K. financial stability.” The drama is playing out in British markets, But it’s not just the U.K. on the line.