BBCNEWS World Business Report July 7, 2024
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...