BBCNEWS World Business Report July 7, 2024
we start with the latest market action and as the trading day began in asia the pound started to slide — down nearly 5% at one point against the us dollar — thats on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new governments "shock and awe" tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now ...
Source: archive.org