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As sterling sinks to a new low against the dollar, we should all be rather concerned

Ian O'Doherty


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British prime minister Liz Truss outside 10 Downing Street. Photo: Reuters/Maja Smiejkowska

British prime minister Liz Truss outside 10 Downing Street. Photo: Reuters/Maja Smiejkowska

British prime minister Liz Truss outside 10 Downing Street. Photo: Reuters/Maja Smiejkowska

As we sat down and watched through our fingers as Paschal Donohoe delivered his Budget yesterday, our minds were focused on national issues. But the world keeps turning, and events in the UK will inevitably have an impact on us as well.

Essentially, the Tories have tanked the pound. Kwasi Kwarteng delivered a budget that horrified the experts who had warned before its publication that his new measures could prove disastrous. Which is exactly what happened. 


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