February 6, 2025
Pound rockets as UK rips up budget, US stocks gain

THE pound surged against the US dollar yesterday as Britain’s fourth finance minister in as many months sensationally ripped up a tax-cutting budget that had spooked markets.

Chancellor of the Exchequer Jeremy Hunt axed almost all of the debt-fuelled tax cuts unveiled last month by the new government of Prime Minister Liz Truss…
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