Pound, UK assets soar after report UK government U-turn on tax plan

Record ID: 1693250

  • Title: Pound, UK assets soar after report UK government U-turn on tax plan
  • Date: 13th October 2022
  • Summary: LONDON, ENGLAND, UNITED KINGDOM (FILE - SEPTEMBER 28, 2022) (REUTERS) (MUTE) VARIOUS OF BRITISH POUND STERLING NOTES VARIOUS OF U.S DOLLAR BILLS NEXT TO BRITISH POUND NOTES POUND COIN BALANCED ON AMERICAN ONE DOLLAR BILL BRITISH 50 POUND NOTES FALLING ONTO SURFACE LONDON, ENGLAND, UNITED KINGDOM (FILE - SEPTEMBER 29, 2022) (REUTERS) CLOCK OUTSIDE THE BANK OF ENGLAND BANK OF ENGLAND BUILDING VARIOUS OF PEOPLE WALKING IN AND OUT OF BANK OF ENGLAND BUILDING PEOPLE WALKING OUT OF THE ROYAL EXCHANGE THE ROYAL EXCHANGE THE ROYAL EXCHANGE AND BANK OF ENGLAND CITY WORKERS WALKING ON STREET / THE SHARD BUILDING IN BACKGROUND THE SHARD ELEVATOR GOING UP LLOYDS BANK BUILDING VARIOUS OF LLOYD’S BANK CITY WORKERS WALKING ON STREET CHUBB LIMITED OFFICES VARIOUS OF CITY WORKERS WALKING ON STREET / SKYSCRAPERS NATWEST BANK SIGN ON BUILDING VARIOUS OF BANK OF CHINA BUILDING SIGN ON BUILDING FACADE READING (English): "The Trading House" VARIOUS OF SKYSCRAPERS LONDON, ENGLAND, UNITED KINGDOM (FILE - JUNE 2022) (REUTERS) (MUTE) VARIOUS DRONE SHOTS OF SKYSCRAPERS IN THE CITY OF LONDON FINANCE DISTRICT
  • Embargoed: 27th October 2022 13:42
  • Keywords: Prime Minister Liz Truss U-turn UK stocks currency markets
  • Location: LONDON, ENGLAND, UK
  • City: LONDON, ENGLAND, UK
  • Country: UK
  • Topics: Europe,Budget/Taxation/Revenue,Government/Politics
  • Reuters ID: LVA001204113102022RP1
  • Aspect Ratio: 16:9
  • Story Text:The pound surged along with UK stocks and bond prices on Thursday (October 13) after reports the British government is discussing making changes to the fiscal plan announced last month.
    Sky News reported the government is looking at which parts of the tax-cutting package might be ditched in a further U-turn by Prime Minister Liz Truss.
    At 1145 GMT the pound was up 1.4% against the dollar at $1.12540 GBP=D3, having surged as much as 1.8% and touched its highest in a week.
    (Production: Will Russell, Gerry Mey, Yann Tessier)
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2022. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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