UK government reverses course on tax cuts following market upheaval
The decision was made on Monday following more than a week of market upheaval. The pound rose 0.4 percent to $1.120 at 8:25 am. The full scope of government borrowing and debt-reduction initiatives is not expected until November 23. In an embarrassing U-turn for the new government of Prime Minister Liz Truss, the United Kingdom’s … Read more