Posted Sep 28, 2022 5:54 PMUpdated on Sep 28, 2022 at 6:27 PM
It is a declaration which sounds like a warning for the British and which came to awaken memories which one believed buried, since 1976, date on which the International monetary Fund had intervened in London to avoid the bankruptcy of the country. This loss of sovereignty, experienced as a supreme humiliation, had contributed to the coming to power of Margaret Thatcher three years later.
This Tuesday, less than a week after the presentation by the Minister of Finance, Kwasi Kwarteng, of a budget providing for tax cuts, massive support for purchasing power and a sharply rising public deficit, the IMF is out of the woods by warning the government of Liz Truss.
