Chancellor Kwasi Kwarteng’s mini-budget has helped push the value of the pound to new 37-year lows. The immediate impact of the falling pound is being felt by British travellers heading off for their holidays. This means prices will be pushed up for goods and services, sending UK inflation rising even further and hitting Brits hard in the pocket. Are there any benefits to a falling pound? A falling pound can also increase tourism to the UK, with overseas travellers looking to make the most of a better exchange rate.

Source: Huffington Post September 24, 2022 05:00 UTC