In an interview at the IMF's annual meetings in Washington, Pierre-Olivier Gourinchas said the tax cuts announced by Kwasi Kwarteng threatened to cause 'problems' for the UK economy
The chancellor's mini-budget"complicated matters" for the Bank of England as it battled to bring down inflation, the International Monetary Fund's chief economist has told Sky News.
"When the mini-budget was announced at the end of September, there was a concern on our side," he said. He said the IMF welcomed the fact that the chancellor will provide further plans in his medium-term fiscal plan later this month, and that it would assess them when they arrived.
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