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more money to spend and that will stimulate the economy to grow and improve living standards. but the imf is warning it could have the opposite effect because the pound is weak, import prices are higher, and that pushes up inflation and, to fight inflation, interest rates have to rise faster than previously thought and that could hit ordinary people where it hurts — in their mortgage payments. so far, the bank of england's announcement hasn't worked to calm financial markets. the index of uk—listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andrew verity, bbc news. the warning from the the warning from the imf the warning from the imf about the warning from the imf about the the warning from the imf about the mini budget under nines international fears that a financial turmoil could spread. 0vernight, the us treasury secretary janet yellen expressed american concern over the british government's measures, and