Weak Pound Affects Cost of Living

03-05-2010

International assignees have seen their cost of living increase as the pound reaches a new low against world currencies.

Sterling’s volatility is likely to increase over the coming weeks as political point scoring and fears of a hung parliament increase insecurity in the run up to the election.

Commentators say that only the formation of a strong government, able to cut spending and balance the budget, can improve the prospects of the fragile pound.