British Pound Plunges To Record Low As Tax Cuts Spark Concern

The UK currency has fallen to a record low against the US dollar, dropping by 4% due to weak economic data. Investors are turning to the US dollar for security, causing the euro to hit a 20-year low. This is likely a reaction to new economic measures under Prime Minister Liz Truss, whose government plans the largest tax cuts in 50 years.

What percentage did the UK currency fall against the US dollar?

• 2%

• 5%

• 4%

• 3%

What is the main reason for the UK currency's decline?

• Strong economic data in the UK

• Weak economic data in the UK

• Increase in UK exports

• Decrease in US dollar value

How many years has it been since the euro was this low?

• 20 years

• 15 years

• 10 years

• 25 years

Who is the newly elected Prime Minister of the UK?

• David Cameron

• Boris Johnson

• Liz Truss

• Theresa May

What significant economic measure is the UK government planning?

• Largest tax cuts in 50 years

• Introduction of new tariffs

• Increase in interest rates

• Reduction in public spending