A senior member of Liz Truss’s government has said that the fall in the value of the pound is “not all bad”, claiming it has led to a surge in US tourists coming to Britain and spending on luxury goods.
Sterling plummeted to an all-time low of $1.03 against the US dollar in the wake of last week’s poorly-received, though it has since rallied to $1.12 after the Bank of England poured £65bn in to stabilise markets.
