Strong criticism of the IMF’s tax cut package in England: ‘It increases livelihood and unemployment’

england central bank

Source, PA Media

The turmoil caused by the tax package announced by the British government on Friday continues in the markets.

The government’s budget, announced on Friday, has created financial chaos in the country as it prompted investors to sell pounds and bonds. Sterling’s value hit record lows on Monday.

The Bank of England, on the other hand, announced that it will make temporary purchases in long-term bonds by intervening in the markets.

The UK MB has announced that it will make temporary purchases of long-term bonds to maintain order in market conditions.

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