Weak Pound Could Cause Problems for Truss' Energy Plan
September 18, 2022
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11:05Now PlayingWeak Pound Could Cause Problems for Truss' Energy Plan
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as posted by the channelLiz Truss is to get parliament to agree to an emergency budget this Friday in order to put her energy plan in place. But, as she refuses to tax windfall profits to fund it, she is set on a massive level of borrowing. But the weakening pound makes this unlikely. If she doesn't get investors on side, she will not be able to fund her plans without higher taxes somewhere.
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