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UK cuts taxes, boosts spending, accelerating pound's slide

Por: ABC News Business September 23, 2022

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LONDON -- The United Kingdom's new government outlined plans Friday to cut and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on its biggest one-day drop in 2 1/2 years.Treasury chief Kwasi Kwarteng announced sweeping tax cuts that he said would boost economic growth and generate increased... + full article



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