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by stephen_g 1353 days 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.

1 comments

That is assuming lenders don’t want compensation for investing in a devaluating currency.