Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

UK may need IMF bailout, is becoming 'sick man of Europe': Investor

  • By Al Mayadeen English
  • Source: Agencies
  • 24 Oct 2022 19:13
2 Min Read

A leading investor says the UK could find itself seeking a bailout from the IMF and is becoming the ‘sick man of Europe.'

  • x
  • Investor Guy Hands
    Guy Hands, English Financier and investor

The UK may need an IMF bailout and is now called the “sick man of Europe” because of the Brexit negotiations process, a leading investment chief said.

Guy Hands, founder of Terra Firma, a private equity firm, said the Conservatives are “not” fit to run the country and the UK’s investment landscape was bleak.

“It’s got to move on from fighting its own internal wars," the long-time backer of the Tories said on BBC Radio 4's Today program this morning.

He stressed that the decisions made “in the past six years which has put the country on the path to be the sick man of Europe.”

Related News

Macron says Europe not feared enough in trade deal with US

Norway, Palestine sign memorandum of understanding: MFA

Prime Minister Liz Truss' downfall marked the failure of some Brexiteers' dream of making the country a low-tax, Singapore-style economy, he said.

"Truss to be fair to her tried it and it’s clearly something that is not acceptable to the British people,” he added.

The vision of Brexit needing “extreme Thatcherism” was unachievable, he said, adding that “the Brexit that was done is completely hopeless and will only drive Britain into a disastrous economic state.”

Hands said the Tories had to “own up to the mistake they made in negotiating Brexit” and put in place a person with the “intellectual capability to re-negotiate Brexit." Without that, the economy “is frankly doomed," he stressed.

When asked about what a worsening economic situation would mean for people, he said, “Steadily increasing taxes, steadily reducing benefits and social services, higher interest rates, and eventually the need for a bailout from the IMF like we were in the 1970s.”

As a businessman, Hands said that he tried to be positive about the investment landscape, but the reality is that the country faces "increasing levels of poverty, and it's poverty which is moving up the economic level", reaching middle income households who are struggling to pay their mortgages.

  • Europe
  • Sick man of Europe
  • IMF
  • United Kingdom
  • Brexit agreement

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS