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The UK's economy is showing some signs similar to an emerging market country. The British government has announced huge debt-financed tax cuts, raising risks of soaring external debt. The Bank of England has taken a counter-productive approach aimed at controlling inflation and boosting demand. The UK Central Bank has announced both contractionary and expansionary moves at the same time - one aims at increasing demand while the other aims at bringing it down. The question is how the country will control record high inflation with such counter-productive measures. Priyanshi Sharma explains the UK economy dilemma. About NDTV: NDTV brings you unbiased and comprehensive coverage of news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Follow us on Social Media: Like us on Facebook: / ndtv Follow us on Twitter: / ndtv Follow us on Koo: https://www.kooapp.com/profile/ndtv Follow us on Instagram: / ndtv Join NDTV on Telegram Messenger: https://t.me/NDTVbot/?start=hi Follow us on Google News for Breaking and Latest News Updates: NDTV: https://bit.ly/3e5ngbP NDTV India (Hindi News): https://bit.ly/3mNVwMY Download NDTV Mobile Apps: http://www.ndtv.com/page/apps #BritishEconomy #EmergingMarket #LatestNews #TodayNews #News #IndiaNews