Pound suffers biggest drop in 18 months after Rachel Reeves Budget tax bombshells – what it means for your money

Date: 2024-10-31

A POST-Budget sell-off has worsened with government borrowing costs shooting higher than in Liz Truss’ market meltdown, the pound tumbling and UK stocks slumping.

Traders are punishing the Chancellor’s decision to run up even more debt and risk a return of higher inflation and interest rates from her £70 billion investment spending spree.

Chancellor of the Exchequer Rachel Reeves ahead of yesterday’s Budget[/caption]

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