In a message to the chancellor, Jeremy Hunt, that he should maintain his planned squeeze on public spending, the Washington-based body said tax policy should stay “aligned with monetary policy in the fight against inflation”.
Any financial surpluses should be used to pay down government debt to “rebuild fiscal buffers”, it said in its annual Article IV review of the UK’s economic outlook released yesterday. Giving a more upbeat assessment of the UK’s growth, the IMF forecast the country’s gross domestic product would grow by 0.4% this year, tearing up its estimate in April of a 0.3% contraction.
The economy is still expected to grow at the same modest pace of 1% in 2024, before rising to 2% in 2025 and 2026.
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Denne historien er fra May 24, 2023-utgaven av The Guardian.
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Worst start, 14th in league but ...Ten Hag says United hierarchy 'on board together' with him
Erik ten Hag insisted he was on the same page as the Manchester United hierarchy and said he had received no indication from the owners that he does not retain their support.
tenterhooks Ten Hag on as United draw a blank
Quite what this draw does for Erik ten Hag is unknown but it may just spare him the indignity of what seemed an inevitability had Manchester United slumped to a dam-aging defeat at Aston Villa. Maybe.
Madueke levels but 10-man Forest battle for fiery point
Chelsea played for 26 minutes with an extra player, survived a mass brawl, saw João Félix spurn a late unmissable header and watched two brilliant saves deny goal machine Cole Palmer.
Bluestocking rolls up late for Beckett's poignant Arc victory
Filly triumphs in Europe's most prestigious race after being entered only this week
Vikings cling on after Rodgers fails to deliver
Hobbling veteran unable tolocate his winning touch as Jets lose 23-17 in London
Adieu Antoine Now France will realise Griezmann was undervalued and irreplaceable
Not all of the beaten Bleus headed for the tunnel of the Parc des Princes at the final whistle of France's 3-1 defeat by Italy on 6 September. One of them, Antoine Griezmann, trotted around the whole periphery of the pitch on his own to applaud the crowd.
Post Office CEO to face tough questions at Horizon inquiry
The week ahead is set to be the most keenly watched of the final phase of the longrunning public inquiry into the Horizon IT scandal and the state and culture of the Post Office.
TGI Fridays rescue deal could save 2,000 jobs
Administrators are reportedly finalising a rescue deal for the UK arm of the TGI Fridays restaurant chain in a move that could save more than 2,000 jobs.
Democracy campaigners criticise Tunisian president who is expected to win election
Polls have closed in Tunisia's presidential election as Kais Saied seeks a second term, while his most prominent critics are in prison after his main rival was jailed last month.
'Get a grip' The PM had to act - but it may take more to turn the ship around
In the days running up to Labour party conference one of Keir Starmer's most senior aides took him aside and told him he had to \"get a grip\" of his No 10 operation, after weeks of damaging headlines about tensions within his top team.
