© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Kwasi Kwarteng’s tax cuts likely to increase inequality, IMF says

International Monetary Fund says measures should target households worst affected by energy crisis and inflation

Kwasi Kwarteng’s tax-cutting mini-budget is likely to increase inequality and should be more targeted at households that are worst affected by the energy crisis and rising inflation, the International Monetary Fund has said.

In a stinging rebuke to the chancellor’s aim of rebooting economic growth, a spokesperson for the IMF said the UK should avoid handing out cash in tax cuts that will force the Bank of England to respond with higher interest rates.

Continue reading…

Related posts

Russia-Ukraine war live news: west rejects referendum results; Nord Stream ‘sabotage’ denounced

AEA3

Muslim prisoners in England more likely to be subjected to force, charity finds

AEA3

Labour has denounced me as ‘deeply misleading’ on its planning reform. I wish that were true | George Monbiot

AEA3

Pin It on Pinterest

Share This