Pound hit as Johnson’s future in doubt and markets brace for months of uncertainty – business live

Pound trades at two-year low against the dollar amid recession fears and crisis at 10 Downing Street

The UK’s new chancellor, Nadhim Zahawi, said this morning that he would look at ways in which the country can remain “competitive and dynamic” with its European neighbours and the rest of the world.

Asked about taxes, he said the prime minister wanted to ensure that the government had fiscal discipline, and that he he shared that view. He told the BBC:

Of course I will be looking at where else can I make sure the economy remains competitive and dynamic with our European neighbours and the rest of the world as well. Nothing is off the table.

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from The Guardian https://ift.tt/PEgrTMR