A woman walks past a headline posted on a wall announcing the Pound at an all time low

Counting the Cost

Can the British government avert a financial crisis?

The UK government has introduced tax cuts to kick-start the economy. The IMF warns the plan could stoke soaring inflation.

The British prime minister is betting big on a fiscal policy that includes the biggest tax cuts in the United Kingdom in half a century – funded by borrowing.

Liz Truss says the plan will kick-start the economy. But her critics say it is a reckless gamble. And the plans seem to have backfired already. The pound has fallen to record lows, and financial markets have gone into turmoil.

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In rare public criticism of a leading global economy, the International Monetary Fund has warned the plan could increase inequality in the UK.

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