Amended prices are seen at a self-service laundry in Manchester, England, on September 7. According to reports, more than 1 million more people will be forced into poverty this winter, pushing UK deprivation levels to their highest for two decades even if the government freezes energy prices at current levels. Photo: AP
Amended prices are seen at a self-service laundry in Manchester, England, on September 7. According to reports, more than 1 million more people will be forced into poverty this winter, pushing UK deprivation levels to their highest for two decades even if the government freezes energy prices at current levels. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why post-Brexit Britain could be source of next financial crisis

  • While there are signs of severe stress in developing economies across the world, developed economies are far from a safe haven
  • The next emerging-market-style crisis could erupt in the UK, as it reels from inflation, high energy prices, a tumbling pound and the consequences of Brexit

Amended prices are seen at a self-service laundry in Manchester, England, on September 7. According to reports, more than 1 million more people will be forced into poverty this winter, pushing UK deprivation levels to their highest for two decades even if the government freezes energy prices at current levels. Photo: AP
Amended prices are seen at a self-service laundry in Manchester, England, on September 7. According to reports, more than 1 million more people will be forced into poverty this winter, pushing UK deprivation levels to their highest for two decades even if the government freezes energy prices at current levels. Photo: AP
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