LONDON, Sept 24 ― Britain’s deputy finance minister on Saturday played down a historic collapse in the pound and government bonds in response to the country’s new economic growth plan, which sent international investors heading for the exit.
“Let’s be clear, the interest rates payable on government gilts is about the same in the United Kingdom now today as it is in the United States,” Chris Philp, Britain’s deputy finance minister, told“You mention the dollar, that’s been strong against a number of currencies, including the yen and the euro.”
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