Economic anarchy in the UK

Government. The Big G. We like to imagine the free market and the invisible hand as being independent from political influence. But Nobel laureate, Simon Johnson, says that influence has been there since the birth of economics. Call it political economy. Call it government and bu ... Show More

If we think about the economic effects of President Donald Trumps big taxing and spending and domestic policy bill, we can roughly sum it up in one line. It goes something like this: We will make many big tax cuts permanent and pay for those tax cuts by cutting Medicaid and a few ... Show More

There's an economic fantasy you sometimes hear in D.C. It often gets trotted out when politicians are trying to add billions or trillions to the national debt. They claim that all the new spending will be worth it in the end because we will supercharge economic growth. This fanta ... Show More

New British finance minister Jeremy Hunt scraps mini-budget in effort to restore economic stability. Also, the explosive Iranian-made drones over Kyiv; a harrowing report on the drought in Somalia; and the K-Pop band going for military service. (Photo: British PM Liz Truss leaves ... Show More

The new leader of the Conservative Party, Liz Truss, faces an enormous task. Britain is contending with soaring energy bills, double-digit inflation and the unresolved backwash of Brexit. Host Anne McElvoy asks Lord Razzall and former Tory leader Iain Duncan Smith about her path ... Show More

The government's new pension pact is a British way of doing business. At least that's what one of its key architects, the City of London's Lord Mayor Nicholas Lyons, tells us. We dig into how it will work and how much he believes it will help boost growth. Also, new labour market ... Show More

Britain’s Conservative party may be changing leadership, but it will take a lot more than that to change the country's gloomy economic situation. Prices are rising at their fastest pace in 40 years–at one of the highest rates in the West. The cost of servicing the country’s ballo ... Show More

Britain’s Conservative party may be changing leadership, but it will take a lot more than that to change the country's gloomy economic situation. Prices are rising at their fastest pace in 40 years–at one of the highest rates in the West. The cost of servicing the country’s ballo ... Show More

Last year the UK had three different prime ministers, four different chancellors and five different housing ministers. Nicola Sturgeon, Scotland's first minister for close to a decade, recently announced her resignation - and it’s not clear who will replace her. British politics ... Show More

Since the government’s tax-cutting mini-budget last week, the pound has hit record lows against the dollar, mortgage providers have pulled hundreds of products and there has been damning criticism from the International Monetary Fund and an emergency intervention by the Bank of E ... Show More

What's happening in the UK right now has heads spinning around the globe. New Prime Minister Liz Truss is already scrambling to survive. Her new chancellor Jeremy Hunt today brought down the axe on nearly all of her tax-cutting plan after it sent the markets spiraling. To make se ... Show More