U-turn

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U-turn

a sudden reversal of government ECONOMIC POLICY, often resulting from some unforeseen event (such as the oil price increases of 1973 and 1979, and the depreciation of the UK pound in 1992) or a rethink of a particular policy initiative that has failed to have its desired effect.
References in periodicals archive ?
But in an embarrassing about-turn organisers have axed the panto.
The axing of Chase represents a startling about-turn by coach Steve McNamara, who has largely kept faith with the New Zealand-born half-back ever since he switched his allegiance two years ago.
Speaking this week, Breeders' Cup chief executive Craig Fravel as good as gave his backing to Santa Anita's about-turn.
Orange juice concentrate prices have made a sharp about-turn now fears about a fungicide scare squeezing supplies have subsided.
According to Ria Novosti news agency, the 7am flight from Moscow's main Domodedovo airport did an about-turn 15 minutes after take-off because of the 39-year-old woman's antics.
David Cameron heralded the about-turn at Prime Minister's Questions on Wednesday, when he stated bluntly that he was unhappy with the policy.
Summary: BEIRUT: Ansar will participate in the forthcoming AFC Cup after an about-turn following Wednesday's withdrawal from the competition due to a lack of funds.
He then performed an about-turn last month so that Warrington could sign former Canberra centre Joel Monaghan but has now agreed a one-year deal with the Parramatta Eels which he will finalise on his return to Sydney on Christmas Eve.
He has made a very public about-turn on the budget deficit, on cuts and on spending.
The whistler's U-turn didn't go down well with league chiefs, though, and he was banned after they failed to buy his lame claim that nobody had influenced the about-turn.
The falling trend made an about-turn in the first half of the year, Xinhua News Agency quoted Bo as saying at a meeting in Beijing.
This about-turn has taken into account not only the formidable transformation in the Chinese economy but also the fear that this growth has instilled in Europe.