“The UK is behaving a bit like an emerging market turning itself into a submerging market,” former U.S. Treasury Secretary says
September 23, 2022 at 10:50 AM EDT
Former U.S. Treasury chief Lawrence Summers has criticized U.K. Prime Minister Liz Truss’ macroeconomic policies as "one of the worst of any major country in a long time" and warned it may trigger the British pound to fall below parity with the U.S. dollar.
