are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has criticise
hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has criticised the british government s plans for tax cuts, warning the measures are likely to fuel the cost of living crisis. in an unusually outspoken statement the imf said the uk s developments were being closely monitered and said untargeted fiscal packages were not recommended during a period of high inflation. it warned the government its mini budget risked increasing inequality. the white house also criticised the government s policy saying it was important to focus on fiscal prudence, and fiscal discipline . the pound dipped in asian trade this morning standing at around $1.
response. saying there does not need to be a resonse. ., ., saying there does not need to be a resonse. ., . , a . response. you are stuck either way, if ou response. you are stuck either way, if you don t response. you are stuck either way, if you don t issue response. you are stuck either way, if you don t issue a response. you are stuck either way, if you don t issue a response - response. you are stuck either way, if you don t issue a response you . if you don t issue a response you like you are ignoring them and if you do you may come under fire for reacting too quickly. the government s line will be this has only been a few days since the most recent budget, we re still working out what we will do next, and they would rather pu5h out what we will do next, and they would rather push on with the plan they have announced rather than to be seen to be tacking too after what has already been a dramatic change in government policy, as we heard from your previous gue5t. in governm
the imf said that the government s fiscal plan in late november would give it an opportunity to re evaluate tax measures especially those which benefit high income earners. the uk government proposals would scrap the top rate of income tax and end a cap on bankers bonuses, among other measures. the announcement on friday sparked financial turmoil, as investors dumped the pound. on monday the pound fell to record lows against the dollar. some of the country s biggest lenders have suspended mortgage deals amid the uncertainty. the treasury said: we are focused on growing the economy to raise living standards for everyone. adnan mazarei is a former deputy director at the imf. here s his reaction on the today programme. the imf doesn t make such strong statements about g7 countries. these statements are common with regard to emerging market countries with problematic policies,
issues, crises that fluctuations in the market but that is not this case. this is a situation where the government has self inflicted harm on our economy and people looking at mortgages and prices this morning will be worried sick, i think. i would not be surprised if they are not a little bit angry that the government has lost control of the economy, a self inflicted wound, and they are now picking up the bill. now, there is a big political argument going on here because what keir starmer i5 argument going on here because what keir starmer is seeking to do is to notjust reduce but absolutely demolished the conservatives reputation for fiscal responsibility, for being the party mo5t responsibility, for being the party most trusted with the economy. so he really wants to hammer this message home that this isn t 5imply really wants to hammer this message home that this isn t simply a reaction to what is happening in global markets, but this is a result of government s policies, in par