What now?

Article Abstract:

Britain pulled out of the European Monetary System after the currency crisis sent the British pound plummeting. They will not rejoin the EMS until their economic situation stabilizes. Unless they come up with a more sound economic policy, this could be quite some time.

Economic aspects, European Monetary System

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Accidental hero

Article Abstract:

The UK government is divided over its inflation management policy. One side feels that maintaining low inflation is secondary to controling demand, while the other believes that UK's current low inflation is accidental, and that future inflation is a possibility.

Inflation (Finance), Inflation (Economics)

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Up-and-down economics: Britain

Article Abstract:

The UK's departure from the exchange rate mechanism was followed by the collapse of the pound. The chancellor of the exchequer lowered interest rates, and many are concerned about rising inflation with a free-floating pound.

Prices and rates, Foreign exchange, Foreign exchange rates, Pound (United Kingdom)

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