JOURNAL ARTICLE

Pound to Weaken as UK Risks Overtaxing Economy, Says Stephen Jen.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ritchie, Greg 3 of 3

Abstract

The article discusses the potential decline of the British pound as the UK government approaches a point where tax increases may no longer yield additional revenue. Hedge fund manager Stephen Jen, CEO of Eurizon SLJ Capital, argues that rising taxes could deter wealthy individuals and corporations from operating in the UK, leading to a depreciation of sterling against currencies like the euro and yen. He references the Laffer Curve, which suggests that excessive taxation can reduce overall government revenue by discouraging economic activity. Jen anticipates further tax hikes in the UK, warning that if these increases fail to generate expected revenue, it could exacerbate economic challenges. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:189689136
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