Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng.
Dylan Martinez | Afp | Getty Images
The IMF has since given a damning verdict of the measures laid out in the mini-budget, saying they will “likely increase inequality” and that the U.K. government should “consider ways to provide support that is more targeted and re-evaluate the tax measures, especially those that benefit high income earners.”
A growing number of economists and investors have also slated the plans, including the founder of Bridgewater, one of the world’s largest hedge funds, Ray Dalio, who said the proposed measures suggest government “incompetence.”
