Latest Breaking News On - Austerity plans - Page 1 : comparemela.com

the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government s fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost of living crisis and increase inequality. here s michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk s new tax and spending plans. in a statement, the fund warned, given elevated inflation pressures in many countries, including the uk, we do not recommend large and untargeted fiscal packages. even more pointedly, it suggested that the november 23rd budget presented an opportunity for the government to re evaluate tax measures, especially those that benefit high income earners. remember, as part of the uk treasury s policy to boost

Bbc newsBritish governmentInternational monetary fundBusiness headlinesSally bundockShare marketsAsia slideTax cutsMichelle fleuryNew yorkWarning systemInflation pressuresTax measuresNovember 23rd budgetNovember 23rdMonetary policy