Kwarteng Trying to Head Off Tory Rebellion Over Tax Cut

The new UK Prime Minister faces a challenging start with backlash from both markets and Tory lawmakers. Concerns arise over proposed tax cuts favoring the rich, leading to political and economic uncertainty. The PM's refusal to provide budget estimates to the OBR and the potential for market turmoil are highlighted. Global concerns, including a possible IMF intervention and a ratings downgrade, add to the pressure on the UK economy and investment environment.

What is one of the main criticisms faced by the new UK Prime Minister?

• Increasing taxes for the poor

• Increasing military budget

• Cutting taxes for the rich

• Reducing public spending

What is the Prime Minister delaying that could affect market stability?

• Healthcare reforms

• Education policies

• Military spending reports

• Budget estimates

What is the role of the Bank of England in the current economic situation?

• Reducing inflation

• Increasing taxes

• Meeting on interest rates

• Providing permanent financial aid

What international body is expressing concern over the UK's economic policies?

• World Bank

• NATO

• United Nations

• IMF

What is a potential consequence of the UK's current economic policies?

• Higher employment rates

• Improved market stability

• Increase in foreign investments

• Ratings downgrade