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Britain sends investors fleeing with historic tax cuts and borrowing

Deutsche Bank says central bank needed to make big unscheduled interest rate hike as early as next week to calm markets and restore credibility ....

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Britain sends investors fleeing with historic tax cuts, borrowing

Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, sending sterling and British government bonds into freefall. ....

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Denial Mode: UK Chancellor Dismisses Claims of 'Gambling' With Economy Amid Pound Collapse

UK Chancellor Kwasi Kwarteng unveiled a massive package of tax cuts on September 23 as part of what has been dubbed a mini-budget. Tailored to address the cost. 24.09.2022, Sputnik International ....

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Britain bets all on historic tax cuts and borrowing, investors take fright – One America News Network

Britain bets all on historic tax cuts and borrowing, investors take fright – One America News Network
oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.

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Britain sends investors fleeing with historic tax cuts and borrowing

LONDON (Reuters) -Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with sterling and British government bonds in freefall. Kwarteng scrapped the country's top rate of income tax, cancelled a planned rise in corporate taxes and for the first time put a price tag on the spending plans of Prime Minister Liz Truss, who wants to double Britain's rate of economic growth. ....

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