news channel. 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 it s 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 $1.06. the imf said that the government s fiscal plan in late november would give it an opportunity to re evaluate tax measures especially those that 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
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The government will continue to use tax measures to subsidise high energy prices throughout this year, with the aim of easing the high cost of living, Finance Minister Arkhom Termpittayapaisith said on Wednesday.
The fourth essay in an exclusive series to mark the 75th anniversary of India’s independence, by winners of the New India Foundation Fellowship for writers.
as new initiatives when it comes to prescription drugs and other tax measures as well. but one thing for the white house going forward is how exactly all of this is going to resonate with american voters. president has said in the past that they ve had some trouble selling their accomplishments to voters and so that is something that will play out over the course of the next few weeks. of course there are also major challenges still facing this white house. especially in the foreign policy arena, when you take a look at the ratcheting up of tensions with china after house speaker nancy pelosi s visit to taiwan. also the u.s. is still trying to secure the release of wnba star brittney giner and also paul whelan who have been held in russia that is something that the president said they are still working towards. but certainly this week has been a week of accomplishments for president biden. now we are still awaiting word on what the president s latest covid tests has looked like this mo