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.
All remaining EU laws to be scrapped or replaced by December 2023
As part of the Chancellor’s bid, the remaining EU laws will be removed by the end of next year. This is to reduce unnecessary costs and unleash growth.
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.