Sterling suffered a sharp fall hours after Chancellor Kwasi Kwarteng presented his mini-budget to the House of Commons on Friday. Sky's EdConwaySky gives his analysis 👇
had the right kinds of reforms, but what matters even more than any of that is being able to borrow all that money, which in turn comes back to those international capital markets.
The fall in the pound is perhaps more worrying. Don't get me wrong: we have had plenty of tough days for sterling before, and this is nothing in comparison with the night of the EU Referendum.And indeed, in the coming days sterling may well rally and things will look a little less depressing. If those investors were excited about Britain's growth plan you'd expect them to want to be a part of it; you'd expect them to begin allocating cash to UK investments; instead the opposite seems to be happening.The verdict, in short, is not especially encouraging. No other budget in modern times has seen a reaction quite like this. Perhaps the closest analogy is the budget this one has already been compared to: Anthony Barber's 1972 budget.
Indeed, you could make the case that today's fall in sterling is a mark of success: when times change, our currency adjusts to it. And another difference is that the Treasury no longer decides interest rates; those get set on the other side of town by the independent Bank of England.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Mini-budget: Why financial markets have been spooked by the chancellor's growth planSky's Ian King writes that bond vigilantes may now be stalking the UK market given the surge in the rate demanded to hold government debt after the chancellor's statement to MPs.
続きを読む »
Chancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetThe chancellor is set to announce tens of billions of pounds both of increased spending and of tax cuts when he delivers his mini-budget at around 9.30am on Friday.
続きを読む »
National Insurance Rise Will Be Scrapped, Confirms Kwasi KwartengChancellor announces decision ahead of Friday's so-called mini-Budget.
続きを読む »
Mini-budget: The key announcements from the chancellor at a glance'A lot of rich people have just got richer' Sky's political editor BethRigby and economics editor EdConwaySky give their instant analysis of the chancellor's not-so-mini budget. Latest: 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
続きを読む »
Kwasi Kwarteng axes top income tax rate for highest earnersMr Kwarteng said the Tories' economic vision would “turn the vicious cycle of stagnation into a virtuous cycle of growth”.
続きを読む »