Tax cut plans by the UK government has caused the British pound to plummet to a record low against the dollar, the BBC reported on Monday. The markets are reacting to the biggest tax cuts seen in the UK for 50 years while at the same time, the cost of UK government borrowing surged again to the highest level since 2008 during the financial crisis.
Full ArticleWhy the pound is falling, why it matters and how it happens
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