|The Pound is sinking|
There is a much more direct and sustainable solution to addressing the country’s funding needs, and that is to accept the International Monetary Fund's standby loan facility. The continuing efforts to avoid the IMF option are a function of the dangerous alignment of populists with no understanding of global finance, and statist bureaucrats seeking to protect their control over the country’s levers of governance.
The naiveté, whether genuine or calculated, must stop. There are no shortcuts to economic reform.