LONDON: The International Monetary Fund (IMF) has urged the United Kingdom government to "reevaluate" a package of unfunded tax cuts that it says may fuel inflation and are likely to increase economic inequality.

The value of the pound sagged on Wednesday morning after the rare IMF warning to a Group of Seven economy, trading at under $1.07.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details