Connect with us


UK market crash? The minister says there is nothing to see here.




Register now for free and unlimited access to

LONDON, September 24 (Reuters) – On Saturday, the UK’s undersecretary of the Treasury dismissed the historic slump in the pound and government bonds in response to the UK’s new economic growth plans.

The pound hit a 37-year low below $1.09 on Friday, and gold had its worst day in decades as markets digested Treasury Secretary Kwasi Kwarteng’s announcement of a borrowing for growth.

When asked about market movements, UK Deputy Treasury Secretary Chris Pilpe said: “The interest rate you have to pay on government gold is pretty much the same today in the US and UK.”

Register now for free and unlimited access to

“The dollar you mentioned strengthens against several currencies, including the yen and euro.”

The pound has fallen more than 11% against the dollar over the past three months, making it the most underperforming major currency in recent times. It fell to its lowest level since January 2021 against the euro on Friday.

In addition to costly plans to subsidize energy bills for households and businesses, Kwarteng repealed the country’s top income tax rate and canceled a planned corporate tax increase.

The Resolution Foundation think tank focused on living standards said the plan would borrow an additional £400 billion over the next five years.

“(Reason) We’re not doing this for the intraday movement of the currency market,” said Philip.

Register now for free and unlimited access to

Report by Andy Bruce Edited by Frances Kerry

Our Standard: The Thomson Reuters Trust Principle.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]