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Britain's government could make the pound's crash even worse

Britain's government could make the current crash in the pound even worse in the near future if it decides to move away from the previous government's commitments to a balanced budget and deficit reduction, towards a more expansive fiscal policy, according to analysis from Pantheon Macroeconomics. For almost six years, the previous two governments had relied on an austerity programme, cutting spending with the stated aim of returning the UK to a budget surplus by 2020.
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