So following the tax cuts announcement that favours the rich, the pound slumped more than 3% against the dollar to levels last seen 37 years ago and the cost of government borrowing suffered its biggest one-day rise since 1991. When markets reopen on Monday,some economists believe the Bank of England could be forced to hold an emergency meeting to consider further interest rates rises to prevent a rout. Add to this, Tories still 5% behind Labour in new opinion polls and the propaganda of the right wing press in those headlines is even more apparent
