Reuters reveals IMF warning and criticism of UK policy

Reuters was first to report the International Monetary Fund criticised Britain’s new economic strategy, following another slide in bond markets that forced the Bank of England to promise a “significant” response to stabilise the economy. The IMF warned the United Kingdom that “large and untargeted fiscal packages” were dangerously at odds with monetary policy, presaging newly elected British Prime Minister Liz Truss’s choice to reverse course on promised tax breaks within a week.