UK tax cut gamble sends sterling plunging to new 37-year low |  CNN Business

UK tax cut gamble sends sterling plunging to new 37-year low | CNN Business

London CNN Business — A huge bet by the British government aimed at rescuing the economy from recession and boosting long-term growth sent the pound plummeting on Friday. Announcing the biggest tax cuts in 50 years while ramping up spending, Finance Minister Kwasi Kwarteng said the government needed a “new approach for a new era, …

UK tax cut gamble sends sterling plunging to new 37-year low | CNN Business Read More »