• Investors send U.K. pound careening to 37-year low as government plan to avert recession backfires

    5 days ago - By Fortune

    The new Conservative government under Prime Minister Liz Truss will borrow £45 billion to fund the biggest tax cut in 50 years-and the wealthiest will profit the most.
    Read more ...


  • U.K. Chancellor Announces New Stimulus In Mini-Budget

    5 days ago - By Economy

    The government aims to ease inflation with the measures.
    Read more ...


  • The UK pound slides to 37-year low against the dollar as the new British government's mini-budget spurs worries about further inflationary pressures

    5 days ago - By Business Insider

    A UK 10 pound note featuring Queen Elizabeth II's image lies alongside a US dollar bill. Photo Illustration by Matt Cardy/Getty Images
    The UK pound hits a fresh 37-year low against the US dollar on Friday.
    Pound sterling fell below $1.09 as the UK's new government outlined tax cuts and other moves to bolster economic growth.
    The British economy is dealing with consumer price inflation hovering around 10%.
    The UK pound sharply dropped to a nearly four-decade low against the US dollar on Friday on fears the government's plan to bolster economic growth will fan inflation flames. The pound...
    Read more ...