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Britain bets on historic tax cuts and borrowing, investors get scared

Britain bets on historic tax cuts and borrowing, investors get scared

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades The pound falls to its lowest level in 37 years against the dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister, Kwasi Kwarteng, on Friday announced historic tax cuts and huge …

Britain bets on historic tax cuts and borrowing, investors get scared Read More »