British Pound Sinks as Markets React to U.K. Government Tax Cuts

British Pound Sinks as Markets React to U.K. Government Tax Cuts

U.K. Markets Rattled by New Government’s Tax and Spending Policies Stocks, bonds and the pound were jolted by policy details from the new government that entailed a huge rise in borrowing. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing Value of the British pound against the U.S. dollar Britain’s new government announced a sweeping series of …