Pound LIVE: Sterling soars against the dollar as Truss defends against party coup


Products You May Like

The pound is continuing to climb against the dollar, as Liz Truss tries to rally MPs amid infighting in the Conservative Party.

At the time of writing, one pound is worth $1.15, a significant increase from the record low figure of $1.03, which was reached for a brief period after Kwasi Kwarteng announced tax cuts for the rich in his mini-budget.

On Wednesday, Ms Truss will attempt in her speech at the Conservative Party conference in Birmingham, to unite her party behind her tax-cutting policies, as the Tories continue to fall drastically behind Labour in the polls.

Ms Truss’s economic policies have led to upheaval in the Conservative Party. On Monday, the Prime Minister was forced to U-turn on plans to abolish the 45 percent tax rate, after several high-profile members of her party voiced opposition.

On Tuesday, a second rebellion broke out after Ms Truss refused to commit to uprating benefits in line with inflation next year – a policy that her predecessor Boris Johnson had promised. 

Products You May Like

Articles You May Like

The Final Cut Reviews; Deet n Bax Save th’ World – A Stoner Comedy Starring Jason Mewes, Craig Michaelson and Weston Cage.
Deet n Bax Save the World Movie Starring Jason Mewes Premier on 4/20/2015 in Portland
Feature Film “Deet n Bax Save the World” Starring Jason Mewes to be Released on 4/20/2015 ”Deet n Bax Save the World” an Action Stoner Comedy starring Jason Mewes produced by TruEarth Entertainment.
TruEarth Entertainment to Deliver First Feature Film Starring Jason Mewes
Deet n Bax Save the World Movie – Sex, Guns & Weed!
Deet n Bax Save the World wrapped on November 4th!
Deet n Bax Save the World resumes filming this Monday in Portland Oregon!
Deet and Bax Save The World Movie Resumes Filming Soon!
Ripple CTO: Investor Groups Allegedly Facilitated The Growth Of FTX Scam
Britons could save up to £468 a year on broadband opting for ‘new technology’ – check now
Doctor Zhivago star Omar Sharif paid staggeringly small amount – Ripped off by Hollywood
State pensioners could be hit with stealth tax with 39% rate – ‘real blow!’
Disabled woman felt ‘bullied’ by energy firm when asking for help to avoid prepayment plan

Leave a Reply

Your email address will not be published. Required fields are marked *