On Friday, the UK chancellor unveiled his ‘mini-budget’ with the most significant tax cuts in 50 years.
The market reaction was swift and brutal. Sterling crashed to a record low versus the dollar, and UK borrowing costs spiked.
We ask why the market reacted so negatively and what it means for those of us who own UK assets.
And in today’s Dumb Question of the Week: Why not invest everything in the US stock market?