Pound plummets as UK government announces biggest tax cuts in 50 years

Pound plummets as uk government announces biggest tax cuts in 50 years

Channel 4 News published this video item, entitled “Pound plummets as UK government announces biggest tax cuts in 50 years” – below is their description.

Don’t call it a budget – but it is the biggest budget intervention we’ve seen in decades, largely at odds with what twelve years of Conservative Chancellors have told us.

The Office of Budget Responsibility was stopped from publishing forecasts it had been working on, so the test of whether it is responsible was largely left to the financial markets.

The Chancellor claims he’s unleashing “the power of the private sector”.


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Channel 4 News is the news programme from UK Channel 4 television. Channel 4 is a British public-service free-to-air television network headquartered in Leeds, United Kingdom. The channel was established in 1982 to provide a fourth television service to the United Kingdom in addition to the licence-funded BBC One and BBC Two, and the single commercial broadcasting network ITV.

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