Mini budget. Major problems.
On Friday, the UK chancellor unveiled his ‘mini-budget’ with the most significant tax cuts in 50 years.
The market reaction was swift and brutal. Sterling crashed to a record low versus the dollar, and UK borrowing costs spiked.
We ask why the market reacted so negatively and what it means for those of us who own UK assets.
And in today’s Dumb Question of the Week: Why not invest everything in the US stock market?
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Disclaimer
This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice.
Copyright 2023 Many Happy Returns
