Importing Costs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 — that's on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government's "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 calls for the bank of england to take emergency action to calm rattled markets and bolster sterlin...

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