The International Monetary Fund (IMF) has urged the UK Government to reconsider its plans for tax cuts over fears it could drive up inequality and put more pressure on prices.
It comes after the Mini-Budget, delivered by new Chancellor Kwasi Kwarteng, spooked markets this week - with the pound plunging to an all-time low against the US dollar.
Mortgage lenders also started pulling deals, over fears for the economy and public borrowing - as analysts predict interest rates could climb to 6% next year.
