Author: News Desk

Washington-based agency says UK policy reversal would calm jittery markets and ‘change trajectory’ of interest rates The International Monetary Fund has added to pressure on Liz Truss’ government to U-turn on unfunded tax cuts announced in last month’s mini-budget, saying changes in policy would help calm jittery financial markets. On a day when fresh action by the UK central bank failed to halt the upward move in government borrowing costs, the Washington-based IMF said a shift in policy from Truss and her chancellor would “change the trajectory” of interest rates. Continue reading… ​Washington-based agency says UK policy reversal would calm…

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Ex-Brexit minister’s comments suggest the European court of justice remains divisive among Tories David Frost has said Liz Truss must not surrender to the EU by giving the European court of justice a role in trade disputes in Northern Ireland. On Tuesday, the former Brexit minister told the House of Lords European relations committee: “The court of justice cannot have a jurisdictional or arbitrational role in the future arrangement. I can’t see how they will be stable while that remained the case. I think better if that was acknowledged sooner rather than later.” Continue reading… ​Ex-Brexit minister’s comments suggest the…

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