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NBC says: British Pound drops because new Prime Minister proposed tax breaks (archive.ph)

posted 2 years ago by AlfredicEnglishRules 2 years ago by AlfredicEnglishRules +20 / -0

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– realerfunction 2 points 2 years ago +2 / -0

how does a tax cut weaken a currency?

is this more mmt voodoo?

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– DT990P 5 points 2 years ago +5 / -0

Did they cut their budget as well? I don’t believe they did. So that would mean the government has to borrow more to pay the bills. More government borrowing means more currency being created.

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– deleted 2 points 2 years ago +2 / -0

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– Steampunk_Moustache 2 points 2 years ago +2 / -0

It's a tax cut for the rich. The (((international bankers))) don't like that so they traded their GBP for other currencies.

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