Pound plummets to 37-year low as Kwarteng unveils ‘growth plan’ for UK economy

Pound plummets to 37-year low as Kwarteng unveils ‘growth plan’ for UK economy

Pound plummets to 37-year low as Kwarteng unveils ‘growth plan’ for UK economy Former Bank of England policy maker cautions government’s economic plan will “end in tears” Energy bill package will cost £60bn in first six months, says chancellor Kwasi Kwarteng The pound dropped to a fresh 37-year low against the dollar as the chancellor unveiled tens of billions of pounds of tax cuts and spending. Sterling declined by 0.89 per cent to 1.115 US dollars as Kwasi Kwarteng outlined …