IMF says national insurance cuts were a bad idea but upgrades UK growth forecast
Tuesday, 21 May 2024 The International Monetary Fund (IMF) has said the UK economy is heading for a "soft landing" but reiterated its message to Jeremy Hunt that he should not have cut national insurance at the last two fiscal events.
The IMF may have predicted that the UK will be the fastest-growing European G7 member, but it's not projected to be the fastest-growing European economy overall.
Credit: euronews (in English) Duration: 02:00Published
Ukraine has received $1 billion from a US-backed loan funded by frozen Russian assets, marking the first installment of a $50 billion G7 package aimed at supporting Ukraine's reconstruction. This unprecedented move has sparked legal and political debates, with Russia condemning the asset seizure as theft and vowing to take legal action. The International Monetary Fund warns such actions could undermine global financial trust.
#UkraineAid #RussianAssets #G7Support #FrozenFunds #Reconstruction #InternationalLaw #RussiaUkraineConflict #IMFWarning #GlobalFinance #AssetSeizure #Oneindia #OneindiaNews
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