Why is the UK Economy Taking a Pounding?

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‘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 Sophie Braybrook

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