The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]
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The pound and UK stock markets have plummeted providing an immediate reaction to chancellor Kwasi Kwarteng’s mini-budget aimed to stimulate economic growth. The £45 billion package of tax cuts announced today (September 23) is the biggest tax give-away for 50 years – but experts say that half the cuts in personal tax will line the […]
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The chancellor’s plan to combat the UK’s worst recession for 300 years has been attacked for its cuts to international aid spending that one former Tory minister claims will cause “100,000 preventable deaths, mainly among children.” Critics have also hit out at other parts of Rishi Sunak’s historic spending review which will see the government […]
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