............ and to think they said that her government would never achieve anything!Richard Frost wrote: ↑Mon Sep 26 2022 6:08pmToday the £ reached it lowest ever value against the dollar since records began 250 years ago.
She did say something about hitting the ground...macliam wrote: ↑Mon Sep 26 2022 7:39pm............ and to think they said that her government would never achieve anything!Richard Frost wrote: ↑Mon Sep 26 2022 6:08pmToday the £ reached it lowest ever value against the dollar since records began 250 years ago.
https://conservativehome.com/2022/09/28 ... -tax-cuts/Daniel Hannan wrote:No, the pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of Keir Starmer.
Just defies all logic.Sarah wrote: ↑Wed Sep 28 2022 10:17amIt's amazing these people can tie their own shoe laces...
https://conservativehome.com/2022/09/28 ... -tax-cuts/Daniel Hannan wrote:No, the pound isn’t crashing over a trifling batch of tax cuts. It’s because the markets are terrified of Keir Starmer.
The IMF wrote:Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary policy.
https://www.ft.com/content/06962055-6b3 ... ea3cb9e082The FT wrote: Eswar Prasad, a former senior IMF official, said: “This is a hard-hitting and pointed criticism that pulls few punches. This is as close as IMF language comes to calling a set of policies irresponsible, ill-advised and ill-timed.”
Mark Sobel, a former US Treasury official and ex-IMF representative, said the statement was “unusual in its sharpness” but that he approved of the fund being “a ruthless truth teller”.
Adnan Mazarei, former deputy director at the IMF, described the statement as “on the strong side” and said the fund was “concerned, especially about the risks of a spillover”, which he described as “tangible”.
He added: “The UK authorities have embarked on an unnecessarily risky path.”
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