IMF warns UK against mini-budget that will 'likely increase inequality'

United States News News

IMF warns UK against mini-budget that will 'likely increase inequality'
United States Latest News,United States Headlines
  • 📰 SkyNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

It is the latest in mounting criticism of the government's decision to fund the biggest tax cuts in 50 years by borrowing money

Why you can trust Sky News

The International Monetary Fund has criticised the UK government's mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract the Bank of England's monetary policy. The conflicting government and currency policies, of seeking to ramp up growth via tax cuts and rein in inflation through"It is important that fiscal policy does not work at cross purposes to monetary policy," a spokesperson said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNews /  🏆 35. in UK

United States Latest News, United States Headlines



Render Time: 2025-02-27 12:23:47