Reuters was first to report the International Monetary Fund criticised Britain’s new economic strategy, following another slide in bond markets that forced the Bank of England to promise a “significant” response to stabilise the economy. The IMF warned the United Kingdom that “large and untargeted fiscal packages” were dangerously at odds with monetary policy, presaging newly elected British Prime Minister Liz Truss’s choice to reverse course on promised tax breaks within a week.
Economy
27 September 2022, 8:11 pm. 1 minute
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Countries: UK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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