All the updated news related to international monetary fund

All the news related to international monetary fund updated in real time

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UK Government’s tax rate U-turn shows ‘utter ineptitude’, says Sturgeon

The Chancellor’s tax U-turn shows the “utter ineptitude” of the UK Government, Scotland’s First Minister has said. Kwasi Kwarteng announced early on Monday that the scrapping of the top rate of tax would not go ahead in the wake of market upheaval. ...

03 Oct 2022 at 10:24

Liz Truss and Kwasi Kwarteng U-turn on scrapping 45p tax rate

Liz Truss and Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. The Chancellor acknowledged that their desire to borrow billions to axe the 45% rate on earnings over £150,...

03 Oct 2022 at 12:08

Chancellor expected to U-turn on scrapping 45p tax rate

Chancellor Kwasi Kwarteng is expected to make an astonishing U-turn over the abolition of the top rate of income tax for the highest earners. Mr Kwarteng is believed to be preparing to issue a statement on Monday, climbing down over the plan to ...

03 Oct 2022 at 08:29

UK Government tax U-turn should be welcomed, says Scottish Secretary

The Chancellor’s decision not to scrap the top rate of tax should be welcomed because he “listened” and “acted swiftly”, Scottish Secretary Alister Jack has said. Kwasi Kwarteng announced on Monday morning that the UK Government would not go ...

03 Oct 2022 at 13:17

‘Whole package’ of UK Government financial measures needs rethink, says Sturgeon

The “whole package” of plans from the UK Government to boost growth needs a rethink, Nicola Sturgeon has said. The Chancellor announced a U-turn on Monday to scrap the top rate of tax, but said that would be the only reversal from the ...

03 Oct 2022 at 17:12

John Swinney: I’ve never seen financial strain like this – even in 2008

Scotland’s Deputy First Minister has said he has never seen “financial strain and pressure” like that being experienced currently. John Swinney, who was previously finance secretary for nine years – including during the financial ...

29 Sept 2022 at 12:13

Nicola Sturgeon: UK is in midst of rapidly deteriorating economic crisis

Scotland’s First Minister has said the UK is in the midst of a “rapidly deteriorating economic and financial crisis” as she urged the Government to act. The Bank of England was forced to step in on Wednesday, announcing plans to ...

28 Sept 2022 at 19:01

Liz Truss tax plans ‘profoundly unconservative’ says former Tory MSP

A former Tory MSP has described UK Government tax plans as “profoundly unconservative” as he said the UK “needs a Labour government”. Professor Adam Tomkins, who left Holyrood last year after one term to return to work at ...

28 Sept 2022 at 15:35

World

Ukraine war and inflation threaten global economy, says IMF chief

The head of the International Monetary Fund has warned that Russia’s war against Ukraine is weakening the economic prospects for most of the world’s countries and called high inflation “a clear and present danger” to the ...

14 Apr 2022 at 15:25

World

Protesters demand arrest of former Sri Lankan PM over attack

Protesters attacked earlier this week by supporters of Sri Lanka’s government have demanded that the newly appointed prime minister arrest his predecessor for allegedly instigating the attack against them as they were ...

13 May 2022 at 19:25

Call for greater focus on developing Covid vaccines that block transmission

More must be done to find Covid-19 vaccines that block transmission of the virus, experts have said. Academics said that it was time to “set our sights” on developing the next generation of vaccines to prevent ...

05 Apr 2022 at 19:25

City

UK growth outlook cut as Omicron and supply chain troubles bite, says IMF

UK growth will be held back this year by disruption caused by spread of the Omicron variant of coronavirus and the ongoing supply chain crisis, according to the International Monetary Fund (IMF). In its ...

25 Jan 2022 at 15:25

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