Why is the UK Economy Taking a Pounding?
Video Credit: ODN - Duration: 01:29s - Published
Why is the UK Economy Taking a Pounding?
Last week, the British government announced a £45 billion plan to cut taxes.
To do this, the government will need to borrow huge sums of money.
This sent shockwaves through markets and drove the pound to a historic low against the US dollar.
On Monday, £1 pound would get you just $1.03.
Watch this explainer to find out more about why the British economy is in such a state.
Report by Braybrooks.
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