IMF warns Britain against more pre-election tax cuts

The IMF warned Britain’s government about missing its debt target and advised against tax cuts before the election. It increased the economic growth projection for 2024 to 0.7% and suggested interest rate cuts by the Bank of England. Inflation returning to the BoE’s target and a forecast of a ‘soft landing’ after a recession in 2023 were highlighted. The IMF warned Britain’s government about missing its debt target and advised against tax cuts before the election. It increased the economic growth projection for 2024 to 0.7% and suggested interest rate cuts by the Bank of England. Inflation returning to the BoE’s target and a forecast of a ‘soft landing’ after a recession in 2023 were highlighted.  Economic Times