UK's mini-budget U-turn welcomed by IMF

Published

17 minutes ago

The UK government's U-turn on tax cuts will help tackle soaring inflation, the International Monetary Fund has said.

In a statement, the IMF said the changes will help "better align fiscal and monetary policy in the fight against inflation".

The statement comes after the body had openly criticised the UK government in September over its plan for tax cuts.

Last month, the IMF said the tax cut plan was likely to increase inequality and add to pressures pushing up prices.

More on this story

• IMF warns rising prices will be worse in UK

  6 days ago

• IMF openly criticises UK government tax plans

  28 September

Related Topics