The International Monetary Fund has Openly Criticized the United Kingdom Government Tax Plans.

todaySeptember 28, 2022 26

share close

The International Monetary Fund IMF has openly criticized the United Kingdom UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis.

In an exceptional outspoken statement, the IMF said the proposal would be likely to increase inequality and add to pressures pushing up prices.

Markets have already raised alarm over the plans, sending the pound plunging.

The government says the measures will kick start economic growth after

Chancellor Kwasi Kwarteng unveiled the country’s biggest tax package in 50 years on Friday.

The 45billion pound cut will be funded by government borrowing.


Written by: urbanradio042

Rate it

Previous post


Former Lawmaker Laments over Dreadful Effect of Flood in Anambra State.

A former lawmaker, who represented Ogbaru Federal Constituency in the House of Representatives in Anambra State Afam Ogene, has lamented over the devastating effect of floods in areas like OGWU Ikpele, Akili Ogidi, Obeagwe, Ossomala, Umunankwo, Ogbakuba, Ochuche, Akili Ozizor, Atani, Ohita And Odekpe, Amiyi, Iyiowa, Ogbeukwu, Okoti and parts of Okpoko. Ogene, a candidate of the Labor Party LP for House of Representatives in the 2023 election, said the […]

todaySeptember 28, 2022 21

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.