So higher spending + lower taxes = pound drops and lower spending + higher taxes = pound drops.
It literally dropped 1 penny from $1.19 to $1.18.
News are just overreacting over something that happens constantly in the markets
It went from 1.10 to nearly 1.20 this is what’s important
Doesn’t this happen every time there’s a statement regardless of whats in it?
If I had £1 for every time a Tory chancellor made the pound drop, I’d have £1.93.
would have been worse with johnson/truss at the helms. its been unstable for decades. run by children. looks like some sensible directions are being made, negative short term impacts but the correct path.
What is important that the share price of Infosys has gone up 18% since the reversal of IR35 has been scrapped.
Rishi really had an eye on that one.
The cost of IR35 reversal was estimated at £2bn (but Treasury never shown how they came up with that number). Scrapping of non-doms could bring about £3bn.
Sunak decided to keep non-doms, to benefit his wife and scrap IR35 reversal to benefit his wife’s Infosys.
PM of the British people…
What again? I’m sure I’ve read this headline several times now
thats odd news from sky lol.
its literally gone up since he unveiled his statement.
Didn’t see any stories when it bounced back to 1.20 from what 1.11?
Always we have to focus on all negativity?
Ultimately such a small change is irrelevance.
I can’t stand these clickbait articles, it’s such a none story.
It went down 0.44%, It’s up 1.42% in the last 5 days, or 5.5% in the last month… its typical daily fluctuations.
Damned either way, Truss’s budget sank the £ when she was spending money we haven’t got, now it falls because the Government in pulling back on spending
It’s at a one month high.
I know this sub is notorious for not reading articles but come on
15 comments
So higher spending + lower taxes = pound drops and lower spending + higher taxes = pound drops.
It literally dropped 1 penny from $1.19 to $1.18.
News are just overreacting over something that happens constantly in the markets
It went from 1.10 to nearly 1.20 this is what’s important
Doesn’t this happen every time there’s a statement regardless of whats in it?
If I had £1 for every time a Tory chancellor made the pound drop, I’d have £1.93.
would have been worse with johnson/truss at the helms. its been unstable for decades. run by children. looks like some sensible directions are being made, negative short term impacts but the correct path.
What is important that the share price of Infosys has gone up 18% since the reversal of IR35 has been scrapped.
Rishi really had an eye on that one.
The cost of IR35 reversal was estimated at £2bn (but Treasury never shown how they came up with that number). Scrapping of non-doms could bring about £3bn.
Sunak decided to keep non-doms, to benefit his wife and scrap IR35 reversal to benefit his wife’s Infosys.
PM of the British people…
What again? I’m sure I’ve read this headline several times now
thats odd news from sky lol.
its literally gone up since he unveiled his statement.
Didn’t see any stories when it bounced back to 1.20 from what 1.11?
Always we have to focus on all negativity?
Ultimately such a small change is irrelevance.
I can’t stand these clickbait articles, it’s such a none story.
It went down 0.44%, It’s up 1.42% in the last 5 days, or 5.5% in the last month… its typical daily fluctuations.
Damned either way, Truss’s budget sank the £ when she was spending money we haven’t got, now it falls because the Government in pulling back on spending
It’s at a one month high.
I know this sub is notorious for not reading articles but come on
https://www.tiktok.com/music/original-sound-7153656287170710277?lang=en
Tories claim to be the party of fiscal responsibility.
In reality they are the party of short term gains for long term losses.
12 years in power, they still try to claim that the economic shambles is due to labour policies from the 90s & 00s
Vote them out, or there will be a violent revolution.