31-07-2025
Is a Glum Britain Heading for a Repeat of 1992?
Anatole Kaletsky of Gavekal suggests that today's 'non-negotiable' fiscal rules are analogous to the ERM.
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Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
I don't know whether you've noticed or not, but there's a gloomy tinge to the national mood here in the UK.
