Pound tumbles amid market fears for UK economy and impact of austerity budget
Sterling dropped more than 1.2 per cent to 1.177 US dollars and was 0.5 per cent lower at 1.14 euros in the wake of the gloomy recession forecasts.
Sterling dropped more than 1.2 per cent to 1.177 US dollars and was 0.5 per cent lower at 1.14 euros in the wake of the gloomy recession forecasts.
Economic data suggests the UK is in for a long and tough ride, with all eyes primed on the upcoming autumn statement.
Relishing his newfound “freedom of the backbenches”, the former environment secretary launched a stinging attack on the government.
The chancellor is set to gamble on delaying spending cuts so that Labour will shoulder the worst of the pain - but it could backfire.
Strong and stable, or weak and wobbly?
The Dragons Den star was in no mood to hold back after observing the political turmoil of the past few years.
Multiple sources have alleged Dominic Raab created a ‘culture of fear’ in the Ministry of Justice, according to The Guardian.
Angela Rayner described his appointment as a "damning reflection of the appalling judgement of this weak Prime Minister".
Rishi Sunak is under fresh pressure over his decision to bring his ally back into Government.
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