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Episode 782Sep 29, 2022

Why is the U.K. cutting taxes and raising interest rates at the same time?

It’s like pouring whiskey in your coffee.

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LONDON, ENGLAND - SEPTEMBER 26: A woman holds cash outside a Bureau de Change on September 26, 2022 in London, England. The British Pound continued its slide against the US dollar today, fluctuating between $1.03 and $1.07 this morning. Earlier this month, it dropped below the $1.14 mark for the first time in four decades.
LONDON, ENGLAND - SEPTEMBER 26: A woman holds cash outside a Bureau de Change on September 26, 2022 in London, England. The British Pound continued its slide against the US dollar today, fluctuating between $1.03 and $1.07 this morning. Earlier this month, it dropped below the $1.14 mark for the first time in four decades.
Chris J Ratcliffe/Getty Images

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The United Kingdom’s economy is hurting. But the plan to get it under control — cutting taxes and raising interest rates — is a bit of a head scratcher. We’ll explain why we can’t make this one make sense (well, I guess we can, but the answer is not great). Plus, guest host Reema Khrais answers questions about boycotts and the multilevel marketing world.

Here’s everything we talked about today:

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The Team