SELECT * FROM DAFc WHERE DAFc="UCMIcOh7Vb4TYEAuX3FFhFvA"
The British pound continued to fall to record lows against the dollar, euro, and other currencies.
🎞️ · 25.09.2022 · 23:37:09 ··· Sonntag ⭐ 0 🎬 0
📺 Easy Money
🎬 · 25.09.2022 · 23:37:09 ··· Sonntag
😎 · 03.07.2024 · 15:40:29 ··· MiTTwoch
The British pound continued to fall to record lows against the dollar, euro, and other currencies. The devaluation of the pound continued after the publication of the budget of the new British government under the leadership of Liz Truss. Markets reacted negatively to the announced tax cuts for the UK's wealthiest citizens with salaries in excess of £150,000 a year.
The British pound fell against the dollar to just 1.09. Against the euro, the pound fell to 1.11. Against the Russian Rouble, the pound fell to a record low of 60.31. Against the Australian Dollar, the pound fell to 1.65. Against the Indian Rupee, the pound fell to 87.51.
The plan of Prime Minister Liz Truss to reduce taxes for large corporations, specialists of the Institute for Fiscal Studies called a gamble. Institute analysts have warned that Liz Truss' sweeping plans for massive tax cuts, along with gigantic spending to curb energy bills, could put public finances on an unsustainable path.
The think tank has calculated government borrowing to be £100bn a year, more than double the official March 2021 forecasts. At the moment, the public debt of the UK is close to 96% of GDP.
The IFS said there was no reason to build up national debt indefinitely for the sake of immediate tax cuts, adding that Truss's claim that reducing it would lead to economic growth was a gamble at best.
· 25.09.2022 · 23:37:09 ··· Sonntag
U
U
L
L
T
* 1664141829
* 1664141829
X 0
Y 0
P
C 17697
B 8
V 23
* · 24.07.2022 · 00:00:00 ···
2 · 20.07.2023 · 08:21:38 ···
L · 01.01.1970 · 01:00:00 ···
C · 17.07.2024 · 08:16:45 ···
💘 🖱️ * · 01.01.1970 · 01:00:00 ···
* · 01.01.1970 · 01:00:00 ···
· 01.01.1970 · 01:00:00 ···
**##
*** · 01.01.1970 · 01:00:00 ··· ::
*2* · 01.01.1970 · 01:00:00 ··· ::
*L* · 01.01.1970 · 01:00:00 ··· ::
*C* · 01.01.1970 · 01:00:00 ··· ::
********
