British Economic Policy Faces Veiled Concern About Trussonomics

BBC reports that British economic policy faced some thinly-veiled criticism by other G7 finance ministers at the crucial meeting of major economies at the IMF.<br />While the UK was not identified by name, multiple participants at the round table, the debut of UK Chancellor Kwasi Kwarteng, raised their concerns about countries making unfunded tax cuts that threatened financial stability, at a delicate time, a clear reference to Britain.<br />A G7 minister said privately that the concern was really about how the UK had doubled down even after the clear financial stability implication, and that explanations would be sought.<br />The US Treasury Secretary Janet Yellen had already said publicly on the sidelines of the IMF conference that she was "watching UK developments closely.