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IMF openly criticises UK government tax plans as pound plummets - BBC News
2 years ago
16
government
uk parliament
prime minister
tax cuts
parliament
liz truss
secretary
energy bills
benefits
budget news
cuts
The International Monetary Fund (IMF) has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis.
In an unusually outspoken statement, the IMF said the proposal was likely to increase inequality and add to pressures pushing up prices.
Markets have already raised alarm over the plans, sending the pound plunging.
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#Economics #Pound #BBCNews
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