London Playbook: Good morning from Liverpool — Plummeting pound — Ready for Reeves politico.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.eu Daily Mail and Mail on Sunday newspapers.
The collapse in sterling will have devastating consequences. The cost of imports increases, raising the prices paid by workers at the pump, in supermarkets and on energy bills. The already high rate of inflation (12.3 percent) will be driven up further.
Kwarteng hands FTSE bosses a £34m tax break newstatesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstatesman.com Daily Mail and Mail on Sunday newspapers.