Britain's new finance minister Jeremy Hunt announced he was reversing "almost all" the tax measures laid out by Prime Minister Liz Truss and his predecessor Kwasi Kwarteng just three weeks ago.
Announcements should be expected this morning about more knock-on effects to corporations from S&P's decision to downgrade the United States' credit rating, the head of Standard & Poor's sovereign ratings said on Monday.
Dr Kenneth Rogoff, Harvard University economist and author of This Time is Different - 8 Centuries of Financial Follies and Russell Napier, economist and strategist from CLSA, in an exclusive interview to CNBC-TV18, they spoke about what the road ahead is for the US and if growth is back on track for the worlds largest economy.