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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 ....
Up that comes on tuesday . Good evening. A british man has died and 47 others have been injured after a flight from heathrow hit severe turbulence on its way to singapore. Passengers say within seconds of the Seat Belt Sign being turned on the aircraft plummeted thousands of feet, throwing passengers, crew and belongings around the cabin. It fell with such force that some hit with force and went through the plastic ceiling of the plane, where the oxygen masks are routinely fitted. The flight data shows the plane falling about 5,000ft, from a Cruising Altitude of 37,000ft in the space ofjust two minutes. It was then diverted to bangkok airport. Singapore airlines confirmed that a british man, 73 years of age, who had a previous heart condition, died, possibly from a heart attack. His wife has also been taken to hospital. Of the 46 passengers and one crew member injured, sev ....
Austan Goolsbee Talks Fed Policy; Bank of Canada Worried Inflation May Reheat; Australia Central Bank Policy Reversal Could Be Abrupt By Michael Maloney
HANOI, June 2 (Xinhua) Vietnam economy has yet to bottom out despite a series of stimulus measures to bolster business confidence, Vietnam News reported on F ....