Major investors are rethinking their support for Britain's economy following months of political turmoil and persistent Brexit uncertainties, as experts predict its recovery from a global recession will be slow and painful.
, with official forecasts pointing to a 1.4% contraction next year. In March, before the full impact of the Ukrainian war was felt, the projection was for 1.8% growth.
"While the government attends to fixing past problems, the focus on the big picture long-term is missing from the rhetoric right now," said Nusseibeh, calling for strongerTS Lombard economist Dario Perkins, credited with coining the term "moron premium" to describe the repricing of UK assets under Truss, told Reuters nobody knew how to "fix the UK today".
"The UK does look and feel like it's a different bet for international investors than it did 10 years ago," Vivek Paul, UK chief investment strategist at the BlackRock Investment Institute, part of the $10 trillion money manager, told Reuters.
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