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Getty Images The UK government should reconsider its plan for tax cuts, the International Monetary Fund has said, warning that the measures are likely to fuel the cost-of-living crisis. In an unusually outspoken statement, the IMF said the proposal would be likely to increase inequality and add to pressures pushing up prices. Markets have already
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This video can not be played To play this video you need to enable JavaScript in your browser. Chancellor Kwasi Kwarteng has said he wants to keep cutting taxes as part of an effort to boost UK economic growth. After announcing a massive shake-up of taxation on Friday, Mr Kwarteng told the BBC there was
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Getty Images The pound has fallen to a fresh 37-year low against the dollar as financial markets reacted to the biggest tax cutting moves in 50 years. UK stocks also dropped after chancellor Kwasi Kwarteng outlined a series of tax cuts and economic measures in a massive shake-up of the country’s finances. The pound fell
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Getty Images Queues are likely at Underground and London railway stations on Monday after the Queen’s funeral, transport bosses have said. Major London train stations will be open all night over the weekend and on Monday to accommodate the huge crowds expected to attend. Hundreds of extra train services are being scheduled and some will
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Getty Images Business groups have welcomed the government’s plan to ease the impact of soaring energy bills but have warned that uncertainty remains. On Thursday, Liz Truss unveiled a plan to support both households and businesses with their energy bills. Firms will see prices capped for six months and “vulnerable sectors” may get further support.
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