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Pound Plummets to 14-Month Low: UK Braces for Potential Tax Hikes Amid Soaring Borrowing Costs

2025-01-10Evening Standard
Pound Plummets to 14-Month Low: UK Braces for Potential Tax Hikes Amid Soaring Borrowing Costs

The UK is on high alert for potential tax rises as the Pound slumped to a new 14-month low, while the cost of Government borrowing continues to escalate. Former Deputy Governor for Financial Stability, Sir John Gieve, issued a warning as the country' ...Read more

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