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LONDON, Sept. 28 (Xinhua) -- In a statement issued on Wednesday, the International Monetary Fund (IMF) openly questioned the United Kingdom's (UK) new fiscal plans and called for more targeted support measures.
"increasing inequality". the white house has also criticised the plan, saying it's important to focus on 'fiscal prudence, and fiscal discipline'. adnan mazarei, a former deputy director at the imf, is also critical. these statements are common with regard to emerging market countries with problematic policies but not often about g7 countries. they are afraid that the budget financing needs will go up and they are requiring more borrowing domestically and inflation rising, requiring interest rate increases by the bank of england and there being a policy conflict between the treasury and the bank of england.
As the crisis worsens in Ukraine, humanitarian and security aid is flowing into the country, but financial support to keep the government running also is critical.
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