IMF urges UK government to reconsider tax-cutting plans

International Monetary Fund says measures should target households worst affected by energy crisis and inflation

The International Monetary Fund has launched a stinging attack on the UK's tax-cutting plans and called on Liz Truss's government to reconsider them to prevent stoking inequality.

In rare public criticism of a leading global economy, the Washington-based fund said Kwasi Kwarteng's mini-budget risked undermining the efforts of the Bank of England to tackle rampant inflation amid the cost of living emergency.