View Image

Financial experts have warned UK households that the Pound could collapse in the wake of Chancellor Rachel Reeves' Autumn Budget tomorrow.

Chancellor Rachel Reeves is set to deliver Labour's Autumn Budget on Wednesday where she is now expected to not raise income tax and National Insurance.

Currency traders are currently betting against the Pound in preparation for Reeves' speech.

READ MORE: UK households can switch to 26 fixed-rate deals cheaper than the current price cap

It comes as the Office for Budget Responsibility's growth forecasts are expected to be downgraded every year until the current parliament ends in 2029.

Tony Redondo, Founder at Newquay-based Cosmos Currency Exchange , said there is “genuine anxiety” about the Pound.

He added: "Currency traders are he

See Full Page