Pound rises and borrowing costs fall as chancellor moves to calm markets

by | Oct 17, 2022 | Politics

However, she added: “Although we heard about Hunt’s tax plans, spending question marks remain until the medium-term fiscal plan is announced on 31st October when the chancellor will outline how he plans to cut government spending in order to plug the multi-billion pound budget shortfall, raising concerns about the prospect of a new era of austerity.”

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