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hello and welcome if you're watching in the uk or around the world. watching in the uk the international monetary fund — which works to promote stability in the global economy — has criticised the british government's plans for tax cuts, warning the measures are likely to fuel the cost—of—living crisis. in an unusually outspoken statement — the imf said the uk's developments were being closely monitered and said untargeted fiscal packages were not recommended during a period of high inflation. it warned the government its mini—budget risked increasing inequality. the white house also criticised the government's policy — saying it was important to focus on �*fiscal prudence, and fiscal discipline�*. the pound dipped in asian trade this morning — standing at around $1.