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Foundation for Economic Education Issues Commentary: Britain's pound sterling50 Billion Black Hole
August 15, 2025
DETROIT, Michigan, Aug. 15 -- The Foundation for Economic Education posted the following commentary:

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Britain's pound sterling50 Billion Black Hole

Taxes will be going up, but whose?

By Jake Scott

Rachel Reeves, Britain's Chancellor of the Exchequer, stands at the precipice of a fiscal catastrophe, with a pound sterling50 billion shortfall in public finances threatening to upend her economic strategy.

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