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LONDON, Sept. 28 (Xinhua) In a statement issued on Wednesday, the International Monetary Fund (IMF) openly questioned the United Kingdom (UK) new fiscal plan ....
The imf said that the government s fiscal plan in late november would give it an opportunity to re evaluate tax measures especially those which benefit high income earners. the uk government proposals would scrap the top rate of income tax and end a cap on bankers bonuses, among other measures. the announcement on friday sparked financial turmoil, as investors dumped the pound. on monday the pound fell to record lows against the dollar. some of the country s biggest lenders have suspended mortgage deals amid the uncertainty. the treasury said: we are focused on growing the economy to raise living standards for everyone. adnan mazarei is a former deputy director at the imf. here s his reaction on the today programme. the imf doesn t make such strong statements about g7 countries. these statements are common with regard to emerging market countries with problematic policies, ....