In a BBC interview on Tuesday, Conservative leader Kemi Badenoch warned that Britain is at risk of a humiliating IMF bailout, drawing comparisons to the 1976 sterling crisis. She expressed deep concern that, in the absence of a strong plan for economic growth, the UK may experience a recurrence of the situation in which Jim Callaghan’s Labour government obtained a $3.9 billion IMF loan to support the pound almost fifty years ago. Badenoch accused Prime Minister Keir Starmer’s administration of plunging the country into a “doom loop” of rising taxes,…
UK Faces 1976-Style Crisis, Kemi Badenoch Cautions
