The new US PM faces intense pressure to Blink

The US is in a financial crisis that threatens to accelerate the economic dive into recession and the country s new prime minister is under intense pressure to blink.

Since the government unveiled the biggest tax cuts in 1972 with little detail on how they will be financed, the pound has dropped to its lowest level since 2016 and the cost of insuring British government debt against the risk of default has gone up to the highest since 2016, and the Bank of England has had to intervene because of concerns about the nation's pension funds.

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