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Tax rate U-turn lifts pound but markets still fret over government credibility

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The pound recovered slightly in reaction to the Chancellor's U-turn over the 45p rate of income tax.

But, financial markets are still reeling from the impact of last Friday's mini-budget.

Sky's Economics and Data editor Ed Conway analyses the impact the government's backtracking could have on the UK's economic credibility.

#skynews #economy #business #tax

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