Pound hit again as IMF slams UK tax plans
STORY: The pound took another hit on Wednesday (September 28).
That after a wave of international criticism over UK plans to slash taxes and ramp up borrowing.
The International Monetary Fund warned that “large and untargeted fiscal packages” would be likely to heighten inequality.
It said inflation pressures meant they were unwise, and warned that fiscal policy shouldn’t work against monetary policy.
Analysts called the rare intervention by the global lender “scathing”, and a “rebuke”.
Ratings agency Moody’s piled in later.
It said the unfunded tax cuts were “credit negative” for the country.
The comments sent sterling tumbling again.
In early London trade the pound was down around half a percent versus the dollar, not far above the record low of almost 1.03 hit on Monday (September 26).
Some analysts have predicted it could soon go below parity for the first time.
The selloff is also slamming UK government bonds.
On Wednesday the yield on long-term debt pushed above 5% to hit multi-year highs.
Such moves will raise the cost of borrowing the sums set out in the latest spending plans.
相關影片推薦
- 1:3845歲女醫院櫃檯前突昏倒 甲狀腺亢進引發心肌梗塞民視影音120,553 次觀看・22 小時前
- 0:45台北橋塞爆! 卡40分鐘 騎士控紅綠燈調配出包東森新聞影音115,129 次觀看・1 天前
- 1:31穿睡衣褲上班! 中國員工「噁心穿搭」風潮|#鏡新聞鏡新聞6,849 次觀看・1 天前
- 2:02歐洲最長「超級高鐵」測試軌道開通 34鋼管連結420公尺路線、時速可達700公里Yahoo奇摩(國際通)66,192 次觀看・1 天前
- 1:39比利時農民示威大絕招! 出動水肥車用排泄物噴員警|#鏡新聞鏡新聞41,100 次觀看・19 小時前
- 9:18番茄這樣做竟然這麼好吃,不用炸不用煎,加1塊豆腐,能讓你多吃兩碗飯,香!.芭樂媽的家 Qistin Wong TV63,190 次觀看・4 天前
- 2:19搶股東紀念品! 打擊抵用券.隨名杯受歡迎民視影音92,503 次觀看・17 小時前
- 2:14小米電動車「SU7」正式推出 95.5萬元起 叫陣特斯拉 中國上市27分鐘訂單破5萬輛Yahoo奇摩(國際通)24,414 次觀看・4 小時前
- 1:34邱國正軍職兒遭爆召妓 國安局:已立案調查|#鏡新聞鏡新聞928 次觀看・20 小時前
- 2:05清境民宿老闆開槍洩憤 移送北檢全程沉默|#鏡新聞鏡新聞29,715 次觀看・5 小時前
熱門必看
- 1:17Angelababy瘋馬秀後復出 仍被踢出11年節目? 《奔跑吧》全新陣容「她」接替baby2個代言!娛樂星聞20,925 次觀看・2 天前
- 17:28朝聖2024年最新東京teamLab 現點飲料會開花?視覺震撼連發!Yahoo創作摩人6,358 次觀看・1 天前
- 11:39如何把芋頭做得好吃?教你這招,加1塊豆腐,一上桌就掃光,比肉還香!芭樂媽的家 Qistin Wong TV61,727 次觀看・4 天前
- 13:56高雄三民區宵夜美食|從台南紅到高雄的超人氣厚奶酥!自由搭配湯頭、麵條、配料的港味車仔麵、一鍋兩吃的麻辣干鍋!我是馬鈴薯小姐雁靈2,992 次觀看・2 天前
- 2:00簡單又美味,奶奶的紅燒桂竹筍麥可星級料理廚房30,609 次觀看・2 天前