Why the Pound Fell to a Record Low and What That Means for the UK Economy

Two months ago, the British government released a “Growth Plan” that talked about tax cuts worth about $45B. That led to a series of events that culminated in Lis Truss going into the history books as the shortest-termed Prime Minister in the UK.

Things are not looking good for the UK economy, with interest rate hikes and soaring inflation! Add to that the Sterling Pound

Specifically, Sterling Pound has fallen against the dollar by around 20% since the start of the year and inflation is at 9.3% as of November 2022. So - How did this happen?

Today on Things Have Changed Podcast, we’re going to talk about how the pound sterling is getting POUNDED! Tune in.

Helpful Links:

• The pound is plumbing near-historical depths. Why?
• Britains Chancellor Offers up a Reckless Budget, Fiscally and Politically
• [UK Data on Inflation](https://www.ons.gov.uk/economy/inflationandpriceindices#:~:text=Consumer price inflation%2C UK%3A November 2022&text=On a monthly basis%2C CPIH,of 0.6%25 in November 2021.)
• A weaker pound does not spell disaster for Britain
• UK interest rates raised to highest level for 14 years
• How to Invest a Million Dollars
• Forbes Best Safe Haven Investments

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Chapters

• 14:30 [Ad] THE HIGH-EARNING WOMEN PODCAST
• 15:20 (Cont.) Why the Pound Fell to a Record Low and What That Means for the UK Economy