Sky News
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Tax rate U-turn lifts pound but markets still fret over government credibility
Posted
October 3, 2022
Views
24,023
Likes
124
Comments
45
Engagement
0.70%
October 3, 2022
24,023
124
45
0.70%
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2:17Now PlayingThe pound recovered slightly in reaction to the chancellor's U-turn over a cut to the 45p rate of income tax.
But, financial markets are still reeling from the impact of last Friday's mini-budget.
Sky's Economics and Data editor Ed Conway analyses what impact the government's backtracking could have on the UK's economic credibility.
#skynews #economy #business #tax
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