The UK: Safe haven no more?
The UK financial markets are riled up. With a new monarch, a new prime minister and a new government all within the space of less than a month, investor confidence is greatly shaken. The UK’s recent dramatic mini budget has sent the pound spiraling to record-lows amid a 40-year high inflation. In the weeks leading up to the UK unveiling its Growth Plan 2022, the general sentiment at a gathering of industry stalwarts in London was already jittery over potential disruptions to its Islamic finance industry as macroeconomic uncertainties amplify.