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Quickly after the very first mini-budget of Truss’s government, promising massive tax obligation cuts for the highest income earners, the extra pound crashed to historical lows versus the buck. But why did this occur? Why is this such trouble for both the UK and also for the brand-new PM?
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1 – https://twitter.com/ChrisGiles_/status/1574272740084809728.
2 – https://www.bbc.co.uk/news/business-63030208.
3 – https://twitter.com/WallStreetSilv/status/1573936737814220800https://.
4 – www.theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-mini-budget-key-points-at-a-glance.
5 – https://www.ft.com/content/ef1495fa-9fc9-4c46-89f9-27902293343c.
6 – https://tradingeconomics.com/united-kingdom/government-bond-yield.
7 – https://www.bbc.co.uk/news/business-62970803.
8 – https://twitter.com/YouGov/status/1573329167693008896/photo/1.
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