They have yet to announce how to make spending cut, which could throw GBP into chaos again!
Those tax cuts were a rounding error even if they didn't generate more growth or tax receipts.
I know of several people in HK who had planned to move to Sing, and on this announcement last week were beginning to think that without the supertax maybe just bin Asia altogether and just head home. And they would have been paying a lot of additional tax to HMRC.
I haven't spoken to any since the U turn but I'm fairly certain they will be sticking with Asian stability for the near future!