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IMF Warns U.K. over Plan to Cut Taxes as Value of Pound Plummets

HeadlineSep 28, 2022

The International Monetary Fund has issued a rare warning to Britain over its plans to cut taxes. The IMF said the move by Liz Truss’s new government could fuel inflation and increase economic inequality. On Monday, the British pound fell to a record low against the U.S. dollar.

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