UK Economic Plan

Posted on AllSides September 28th, 2022

“British government bond yields surged by the most in a day in over three decades on Friday, the pound slid to a fresh 37-year trough against the dollar and stocks hit six-month lows after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a bid to boost growth… Income tax cuts, a drop in property taxes, tax-free shopping for overseas visitors and the scrapping of a planned corporation tax rise are all aimed by the government at giving households and businesses a boost.” (Reuters)

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