Austerity Plans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government's fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost—of—living crisis and increase inequality. here's michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk's new tax and spending plans. in a st...

Its a race against time to have the Hustler Fund operationalised by December 1.

Benefit high income earners. remember, as part of the uk treasury's policy to boost growth, it said it was scrapping the 45% tax rate for those with incomes above £150,000. the last time the fund disagreed with britain was over austerity plans when its chief economist, 0livier blanchard, accused then chancellor george osborne of playing with fire. it is very unusual for the imf to speak out so publicly. it may suggest that the fund wants to warn other countries away from similar packages to the one just passed by the uk. the british government has responded to the criticism saying it is focus...

At the evidence. >> budget cuts, social media campaigns featuring children, state department officials say newly declassified intelligence shared exclusively with fox news shows iran backed militias across the middle east are strapped for cash. >> when people talk about iran's regional aggression, shia militias in iraq and syria, we are making it harder for all of these terrorist organizations to operate. >> the state department credits 26 rounds of sanctions against all these targets. officials show shia militia groups show new revenue sources. hamas has and acted austerity plans to address l...

Shows added sanctions could be squeezing iran financially and beyond. rich edson is live at the state department with the latest details. good morning. >> state department officials say newly declassified intelligence shows that iran is short on cash after 26 rounds of american sanctions these officials say iran is having a difficult time funding militias across the middle east. tehran has warned militia groups to find new revenue sources. hamas has enacted austerity plans and cyber command needs money and reports from the region that show hezbollah is deploying piggy banks to raise cash. stat...