LONDON (Reuters) -The International Monetary Fund openly criticised Britain's new economic strategy on Tuesday, following another slide in bond markets that forced the Bank of England to promise a "significant" response to stabilise the economy. Pressure piled on new finance minister Kwasi Kwarteng to reassess his policy, which unleashed turmoil in financial markets, as leading economists, investors and executives said that rock-bottom investor confidence would recover only if the plan was scrapped. New British Prime Minister Liz Truss of the Conservative Party came into office on Sept. 6 saying she wanted to snap the economy out of years of stagnant growth with deep tax cuts and deregulation.
On Monday evening, Nikita, a 24-year-old from the Russian city of Voronezh, drove up to a border crossing on the arid steppeland along Russia’s remote border with Kazakhstan. A Russian army reservist liable to be called up under the partial mobilisation President Vladimir Putin announced last week, Nikita had decided to flee to the relative safety of Atyrau, an oil boom town in western Kazakhstan, where his brother and a close friend had already arrived. His escape was part of a vast exodus from Russia that has seen thousands of military-age men make for the borders with Finland, Georgia, Kazakhstan and Mongolia.
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The UK is braced for some of its "heaviest and strongest winds" so far this autumn when "severe gales" of up to 55mph hit parts of the country. The Met Office said the wet and windy weather blowing in on Friday will have started on the other side of the Atlantic. The Met Office has warned "heavier rain and strong winds" will spread quickly eastwards on Friday, when areas including Southampton and Plymouth in the southeast of England could see highs of 17C.