Byusnewsr1-

Oct 3, 2022

Pound bounces back after Government U-turn on tax cuts

Pound bounces back after Government U-turn on tax cuts

Chancellor Kwasi Kwarteng’s mini-Budget sent the pound into freefall (Picture: Getty)
The pound has bounced back to levels seen before Kwasi Kwarteng’s mini-budget as the Chancellor was forced into a screeching U-turn on tax cuts for the rich.
Sterling surged to 1.13 against the US dollar at one stage overnight, recovering ground lost in the market turmoil, though it steadied back to 1.12 this…

Sponsored

View On WordPress

Leave a Reply

Your email address will not be published. Required fields are marked *