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The crashing of the pound doesn’t make the tax cut more expensive - the UK doesn’t borrow in foreign currencies. They only issue bonds in pound sterling, and th
by stephen_g 4y ago
The crashing of the pound doesn’t make the tax cut more expensive - the UK doesn’t borrow in foreign currencies. They only issue bonds in pound sterling, and the tax cut is in their own currency, so it doesn’t really change things.
Not to say the tax cut is not a terrible idea - it’s absolute stupidity.
- SargeDebian 4y agoThat is assuming lenders don’t want compensation for investing in a devaluating currency.