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The end of the quarter saw chancellor Kwasi Kwarteng’s mini-Budget cause sterling to fluctuate wildly and UK government bonds to plummet. Investors were rattled by plans to pay for sweeping tax cuts through additional government borrowing. This raised the spectre of more inflation and caused investors to speculate about more aggressive interest rate rises as the Bank of England is forced to clamp down harder on rising prices and shore up confidence in sterling…

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