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in the uk are at an all time high as country. its lowest ever now we have the round up of the business news and one of those headline stories you are concentrating on. welcome to the programme. yes, on course for stronger than expected recovery. that is the assessment from the international monetary fund on the state of the global economy in its latest world economic outlook update. the imf predicts that global growth of 3.1% this year and slightly higher growth in 2025. it also says that inflation is declining faster than expected because many supply chain problems caused by the pandemic have now been resolved. the imf has, however, issued a warning to the uk government not to cut taxes any further and suggested that treasury percent planned spending cuts for this year were unrealistic. earlier i spoke to the imf s chief economist and i asked him what his concerns were over the uk cutting those taxes. ~ , ., taxes. well, first, for the uk, we are seeing taxes. well, ....
Hreupbgerrors. why haven t the wages grown? because we have not had the robust economic growth. because the corporations makes decisions for themselves. you had the ceos tell cohen i will not hire people because you cut my taxes. why would they do anything for the workers if they don t have to? if you have watched the debate, i have been working for the benefits of pass-through entities so they can remain competitive and globally and domestically. i have been fighting your previous guest, your liberal guest even admitted it s a pro growth taxes and as we make c corporations he was not a liberal and a economists. ....
Potter will be his treasury secretary. he s not going to be able to cut taxes for rich people. he doesn t want to. the idea of pro growth taxes didn t he say 20% across the board? he did, but he also said if you take up the deductions, rich people won t get a big tax break. that s the truth. if you go through the principles and think about it, how do you design a pro growth tax policy? you have to take down the race and get rid of deductions. the numbers can add up. there is a long legislative process. will the president be prepared to talk about 47%, other vulnerabilities in the romney record from a democratic perspective? there are a lot of things that can be brought up in the debate. i suspect that in the next debate you will hear more about this. i m not involved in what they are doing for debate prep over there. there was a lot on the table that can be discussed including ....