The value of the pound plunged against the dollar today as financial markets reacted to news that Chancellor Kwasi Kwarteng has been sacked. The Prime Minister will hold a press conference later in which she is widely tipped to bow to political and economic pressure to reverse the mini-budget and increase corporation tax.But she is will now face the cameras alone without long-term ally Mr Kwarteng by her side after tearing up another central strand of his tax-cutting mini-Budget for growth.
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