THE tanking of the pound will only "exacerbate" the economic crisis facing the UK and will be felt "deeply" by households, the SNP has said.
Market confidence in the pound has plummeted following the announcement of the Government’s new economic plans on Friday last week, with further tax cuts reportedly on the way.
Chancellor Kwasi Kwarteng's plans include lifting the cap on banker's bonuses, cutting taxes for the highest earners, and scrapping the planned hike to corporation tax.
