IMF blasts UK over taxes ...News

Russia Today - Economy
IMF blasts UK over taxes
source : Russia Today ( News ) () 32
The agency has called for tax cuts to be reconsidered, while Moody’s has warned of damage to British public finances Extensive unfunded tax cuts announced by the UK government last week should be reevaluated, International Monetary Fund (IMF) analysts have warned, saying the measure offers poor prospects for the Bank of England in the face of high inflation. According to the Washington-based agency, the measures that sent the pound to an all-time low of $1.03 on Monday are likely to increase inequality. “Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargete

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