BBCNEWS Talking Movies June 4, 2024 01:33:00
Windfall tax on rising energy prices. this u—turn is small in value terms, but hugely symbolic. the markets reacted well initially, with sterling going up a bit and the government's borrowing costs going down a bit. on the one hand, this reflects the government coming into line with the market consensus, but there is a need for a plan with a solid set of numbers. on the other, the markets now don't know if there are other things in the plan that eventually will require a u—turn that's not being admitted to right now. and for the chancellor, in the two fundamental aspects of doing his job, ...