Pound Weakens as Reeves’s Tax U-Turn Reignites Budget Jitters
The pound underperformed its major peers on Friday as reports that Chancellor of the Exchequer Rachel Reeves is dropping plans to raise income tax at this month’s budget reignited concerns...
By Vassilis Karamanis, Matthew Burgess · Bloomberg Markets
The pound underperformed its major peers on Friday as reports that Chancellor of the Exchequer Rachel Reeves is dropping plans to raise income tax at this month’s budget reignited concerns over the nation’s finances.