Kwarteng considering benefit cuts to fund tax cuts for the rich
According to reports, the UK has been living beyond its means and a new age of austerity is required to trim the fat.
According to reports, the UK has been living beyond its means and a new age of austerity is required to trim the fat.
"Cards on the table. I think the fact that we haven't heard from them today is an utter dereliction of duty."
Labour leader Sir Keir Starmer said the Government should abandon the measures announced by Kwasi Kwarteng before more damage is done.
“It appears everyone is unusually united in their objection to the Treasury’s tax-cutting plans."
The BBC's Faisal Islam said IMF's stinging rebuke is without a clear precedent.
The Leave campaign backer was heard talking "feverishly" on the phone after the Brexit referendum result in 2016.
The Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar on Monday.
Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift.
He said the Tory policy was for the “rich to get richer” while offering little to ordinary workers.
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