It is the latest in mounting criticism of the government's decision to fund the biggest tax cuts in 50 years by borrowing money
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The International Monetary Fund has criticised the UK government's mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract the Bank of England's monetary policy. The conflicting government and currency policies, of seeking to ramp up growth via tax cuts and rein in inflation through"It is important that fiscal policy does not work at cross purposes to monetary policy," a spokesperson said.
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