High inflation and reliance on imported energy mean the UK is set for the slowest GDP growth among large developed countries, the International Monetary Fund has said.
The government’s ‘Growth Plan’ risks weakening public finances, worsening inequality and leading to the Bank of England aggressively raising interest rates, major international institutions have...
The UK government could fund its ‘levelling up’ ambitions by raising taxes on high income earners without increasing the national deficit, according to the International Monetary Fund.
The Bank of England must not delay raising interest rates despite the economic risks around the Omicron variant of Covid-19, the International Monetary Fund has said.
Some central banks, including the Bank of England, may need to take additional actions if inflationary pressures persist past the middle of next year, according to the IMF.
The UK’s public finances are among the weakest in the world after the 2008 financial crash, behind Gambia, Uganda and Kenya, an IMF assessment of assets and liabilities has revealed.
The International Monetary Fund has backed Chancellor George Osborne’s economic strategy this morning, but warned that the level of government borrowing remains one of the main risks to the UK’s...