The UK government insists it’s sticking to its plan for the economy despite scathing criticism from the International Monetary Fund. The IMF says the UK should re-evaluate its package of tax cuts, which the global financial institution claims will worsen inequality and increase inflationary pressure. Chancellor Kwasi Kwarteng is urging Conservative MPs to back his plans which he says will stimulate growth. Opposition Labour leader Keir Starmer says it’s a mistake.
