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Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts - Foreign Affairs - Nairaland

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Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Stephenmoka4(m): 1:22pm On Sep 29, 2022
SUMMARY

Her Conservative government's 45 billion pound plan to slash taxes - particularly for the country's highest earners - has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

The Bank of England, the U.K.'s central bank, made
its own emergency intervention Wednesday, announcing it would buy up as much government
debt as needed in an effort to restore stability.
In its defense, the government points to measures
at the other end of the scale, such as cutting the
lowest tax bracket and an earlier pledge to freeze
household energy bills until 2024, part of a 150
billion pound public support package that ranks
among the biggest in history - something McDonald
at the Joseph Rowntree Foundation called "Very
important and very significant."
More information and source NBC NEWS

Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Stephenmoka4(m): 1:25pm On Sep 29, 2022
1 GBP = 1.1 USD
1 USD = 1.03 Euros
Meanwhile...
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by MrBrownJay1(m): 1:27pm On Sep 29, 2022
collapse ko, collabo ni!!!

apart from the USD being as strong as ever lately against every currency on earth, the GBP rate is exactly the same with any other currency! GBP vs Euro is the same as it was 1 yr ago and/or 5 yrs ago. same against other currencies.

just because the USD is stronger lately, doesnt mean all other currencies are "collapsing".
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Tk4all(m): 7:58pm On Dec 17, 2022
Stephenmoka4:
Meanwhile...
Thank you my boss stephenmoka4 for that call. You are truly one of the people that gat my back here. I tried calling again but your number is not connecting. Pls flash me anytime you see my mention. Thanks again
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Tk4all(m): 9:26pm On Dec 17, 2022
Stephenmoka4:
Meanwhile...
My airtime finish. i will message you in the morning pls. Goodnight
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by akwesenana: 12:07pm On Apr 23, 2023
Stephenmoka4:
Meanwhile...
Boss, can I email you? I don't have access to this mail.
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Stephenmoka4(m): 1:08pm On Apr 23, 2023
akwesenana:
Boss, can I email you? I don't have access to this mail.
I guess... I can text my mail to you...
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by akwesenana: 2:27pm On Apr 23, 2023
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by TollMind: 2:30pm On Apr 23, 2023
Micro deep on like the ever crumbling Naira cry
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Omofaye99: 5:11pm On Apr 23, 2023
Not yet serious.
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by akwesenana: 9:44pm On Apr 23, 2023
Re: Pound Collapses As Britain's New Prime Minister Gambles On Tax Cuts by Stephenmoka4(m): 10:05pm On Apr 23, 2023
akwesenana:
G.g
Yes, just now... I saw it in junk folder.

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