UK: Pound falls to historic low following tax cut announcement
By DW
27 September 2022 |
10:56 am
The currency took a beating from investors after the government announced plans to cut billions in tax revenues. The new Conservative Party government under Prime Minister Liz Truss has been in power for just 20 days.
In this article
Related
3 Feb
Tens of thousands of railway workers, university staff, teachers and civil servants in London have gone on a day of strike on Wednesday, Feb. 1.
9 Feb
The visit comes as Prime Minister Rishi Sunak said the UK will train Ukrainian pilots on "NATO-standard fighter jets.''
10 Feb
The proposed deal would be the largest in tech industry history, handing popular franchises Call of Duty, World of Warcraft and Candy Crash to Microsoft.
27 Feb
As the voting ends and the collation of results continued across the country, Nigerians have continued to preach peace ahead of the official declaration of results. GuardianTV spoke with a few Nigerians and here is their advice.
27 Feb
Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen have jointly announced in-person talks, in London on Monday. This comes amid long-running post-Brexit negotiations on Northern Ireland.
5 Mar
The British prime minister rushed to Northern Ireland a day after his EU agreement to tout the country as "the world's most exciting economic zone." But he needs to convince the unionist DUP to back the agreement.
2 Mar
A Welsh jury found the couple guilty of manslaughter in the negligent death of their handicapped daughter. The teen was found dead on a pile of soiled beddings by shocked authorities in 2020.
9 Mar
Prize organizers said the architect sustained "connections between tradition and innovation." Chipperfield is known for the reconstruciton of old buildings while honoring their history and preserving the environment.
10 Mar
The professional services firm said rising childcare costs were pricing many women out of work. In 2021, childcare costs relative to average income were one of the highest among OECD countries, representing nearly a third of the income of a UK family on an average wage.
19 Mar
It was like an estranged couple agreeing to give themselves another chance. Announcing the "Windsor Framework" in late February, British Prime Minister Rishi Sunak and EU Commission President Ursula von der Leyen were emphatic that the UK and the EU are allies, trading partners and friends.
19 Mar
Talking Europe speaks to European Commission Vice-President Margaritis Schinas, whose wide-ranging portfolio covers migration and asylum, security issues, education and what the EU calls "promoting the European Way of Life", among other things. We focus on migration and the EU's efforts to rectify what Schinas calls a historic failure to build a cohesive asylum and migration policy.
19 Mar
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges. The UK-Rwanda plan was agreed in April 2022, and was intended to send people seeking asylum or claiming refugee status in the UK processed and settled in Africa - but no one has yet made the trip.
Latest
3 hours ago
US Treasury Secretary Janet Yellen warned that inaction on the debt ceiling would "cause severe hardship." The previous estimate for a potential debt default was June 1.
4 hours ago
On Sunday the incumbent President Erdogan faces his challenger Kemal Kilicdaroglu in the second round of the presidential election. Both candidates are still fighting for every vote.
6 hours ago
Egyptians are furious: In a new Netflix documentary, Egyptian Queen Cleopatra is being played by Black British actress. They say this distorts Egypt's identity. But does a black Cleopatra really steal Egyptian history?
6 hours ago
A helicopter crashed while inspecting power lines damaged by storms in the Italian province of Ravenna. Prime Minister Giorgia Meloni is set to leave the G7 summit in Japan earlier to lead the response to flooding.
6 hours ago
Tens of thousands of people have taken to the streets of Belgrade for a third time to protest over violence. Protesters are calling for the resignation of the interior minister and the head of intelligence.
7 hours ago
Second division leaders Darmstadt 98 secured their promotion back to Germany's top division, the Bundesliga, after a six-year absence. A 1-0 win over Magdeburg guarantees them either first or second in the 2. Bundesliga.