The Pound Is Tumbling After The Mini-Budget. Here's What It Means For You

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The Pound Is Tumbling After The Mini-Budget. Here's What It Means For You
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Markets spooked by tax cuts costing up to £45 billion annually, and the cost of living could now be even higher.

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Chancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetChancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetThe chancellor is set to announce tens of billions of pounds both of increased spending and of tax cuts when he delivers his mini-budget at around 9.30am on Friday.
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Mini-budget: Pound and bonds slump as investors take fright over borrowing spreeMini-budget: Pound and bonds slump as investors take fright over borrowing spreeThe stimulus package revealed by the chancellor surprised and shocked financial markets in equal measure, with one US bank now openly talking about the prospect of pound parity with the US dollar.
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Young people will miss out in a budget that favours high-earners, warn financial expertsYoung people will miss out in a budget that favours high-earners, warn financial expertsYoung people have missed out in the government’s mini-budget as savings from personal tax cuts will disproportionately favour older, higher earners, financial experts have warned.
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