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UK Chancellor: We have inherited overspending of £22 bilion, not to act isn’t an option

There are rumours of a capital gains tax.

Disaster of Truss’ mini-budget shows what happens if you don’t take actionWe will cut spending projects worth £8 billion next yearWe will be taking immediate actionIf left unaddressed, this would result in a 25% increase in the budget deficit this year

Cable is under some pressure today but it’s due to broad USD strength.

This article was written by Adam Button at www.forexlive.com.

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