Answer to the opposition Conservative Party was given by Finance Minister Rachel Reeves about the hint that United Kingdom may need to seek rescue from the International Monetary Fund (IMF), describing the claim “irresponsible”.
Specifically, Reeves responded to statements by Conservative leaders, Kemi Badenoch, who expressed late Monday night (8.9.25) on BBC TV her strong concern that the United Kingdom might need to be “at the time” borrowed $ 3.9 billion to support the pound. “This is not serious and it is irresponsible,” Ribs replied on Tuesday (9.9.25) to the House of Commons. “All that needs rescue is the conservative party from its failed leadership,” Rives continued according to Bloomberg.
Reeves accused Badenoch of underestimating Britain and was trying to draw attention with her comments, while last week she had told the BBC that the idea that the United Kingdom needs IMF rescue has no basis, as “serious economists” do not accept it.
Badenoch, for her part, had cited the increased British lending costs and claimed that the Kir Starmer government lacked a plan to boost economic growth. “Many of the indicators are pointing in this direction,” he said about the need for rescue. “If we really face such a crisis because of their bad decisions, we will all suffer,” said the Conservative Leader.
UK bond yields increased to the highest level since 1998 last week, reaching 5,748%. Since then, however, they have fallen abruptly as part of the recovery of global bonds. They are now set at 5.47%.
Badenoch’s comments followed the intervention of Andrew Seesz, a former foreign member of the Bank of England’s Monetary Policy Committee, who wrote to the Sun newspaper last month that Britain could “head towards some form of financial and financial crisis” and “we can”.
Also, during questions about the Ministry of Finance in the House of Commons on Tuesday (9.9.25), the new city minister Lucy Rigby declined to exclude taxes on budgeting taxes, saying the government maintains the tax regime of banks “under revision”.
Reeves reacted to the call for property tax, saying that “it would be a mistake to abolish the inheritance tax or replaced with an unproven tax without knowing what revenue it is.”