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UK Market Mayhem

Our key coverage of the fallout from the Truss government's mini-Budget and efforts to restore market confidence 

On 23rd September 2022, Kwasi Kwarteng stood up in the House of Commons to deliver a statement intended to launch the UK economy into a low-tax, high-growth future. Instead, it sparked panic and marked the beginning of one of the most calamitous periods in modern British history as investors began to price in the risk of a UK financial system meltdown.

During those tense weeks, economists from across Capital Economics’ macro and markets teams – not least its UK team – were advising clients on the potential scale of the crisis and how best to navigate the many risks suddenly presented to the UK economy and global markets. The collection of reports and recordings below represents just some of our real-time coverage of the crisis.