'No decision is without challenge'
Lincolnshire’s economy chief continues to back the government’s mini-budget last week, despite the pound plunging to record lows against the dollar on Monday.
The pound reached a record low against the dollar this morning as markets reacted to the biggest tax cuts for the UK in recent years, it hit close to $1.03 before returning to around $1.07 later on. He said he remained “very supportive” of the mini-budget last week, adding: “We definitely need a new direction in terms of managing our economy.”
He said that with falling gas prices, the support packages announced by the government earlier this year could cost “considerably less than [the government] first thought”.
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