The Pound Is Tumbling After The Mini-Budget. Here's What It Means For You

United States News News

The Pound Is Tumbling After The Mini-Budget. Here's What It Means For You
United States Latest News,United States Headlines
  • 📰 HuffPostUK
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Markets spooked by tax cuts costing up to £45 billion annually, and the cost of living could now be even higher.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

HuffPostUK /  🏆 108. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetChancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetThe chancellor is set to announce tens of billions of pounds both of increased spending and of tax cuts when he delivers his mini-budget at around 9.30am on Friday.
Read more »

Mini-Budget Gets A Pounding – But Right-Wing Think Tanks Are Loving ItMini-Budget Gets A Pounding – But Right-Wing Think Tanks Are Loving ItInfluential Institute for Fiscal Studies leads the backlash, accusing Kwasi Kwarteng of 'betting the house' that the UK economy will grow.
Read more »

Mini-budget: Pound and bonds slump as investors take fright over borrowing spreeMini-budget: Pound and bonds slump as investors take fright over borrowing spreeThe stimulus package revealed by the chancellor surprised and shocked financial markets in equal measure, with one US bank now openly talking about the prospect of pound parity with the US dollar.
Read more »

Young people will miss out in a budget that favours high-earners, warn financial expertsYoung people will miss out in a budget that favours high-earners, warn financial expertsYoung people have missed out in the government’s mini-budget as savings from personal tax cuts will disproportionately favour older, higher earners, financial experts have warned.
Read more »



Render Time: 2025-02-28 08:18:35