A leading think tank has warned that the Treasury is on course to overshoot public borrowing forecasts by £63bn compared to estimates made before Labour came to power as Chancellor
UK: Pound falls against every currency in the world after hitting all-time dollar low
After Chancellor Kwasi Kwarteng’s hint at further tax cuts, the pound fell to an all-time low against the USD.
Trader’s Cafe with Zak Mir: Bulletin Board Heroes Special, Sterling Crisis, 25th September 2022
Zak Mir takes a charting look at the Pound against the Dollar and the Euro in the wake of the latest plunge in tax cuts news.
Kwasi Kwarteng’s ‘reckless gamble’ doesn’t add up, warns The Institute for Fiscal Studies
According to the IFS, borrowing will continue to exceed £100bn per year for the remainder of the decade.