Economics, International Monetary Fund (IMF), Business, Jeremy Hunt, Politics, UK news, Government borrowing, Public finance, Budget deficit, Economic growth (GDP), Economic policy, Kristalina Georgieva, World news, Tax and spending Business | The Guardian
World body’s latest health check of UK economy says ‘unpopular revenue-raising measures’ may be neededJeremy Hunt is preparing a pre-election cut in national insurance despite a warning from the International Monetary Fund of a looming £30bn hole in the public finances, Downing Street has indicated.Rishi Sunak’s spokesperson said the government rejected the IMF’s argument that there was no room for a third cut in NI in less than a year and that the Treasury should instead be thinking about tax increases or spending cuts. Continue reading…
World body’s latest health check of UK economy says ‘unpopular revenue-raising measures’ may be needed
Jeremy Hunt is preparing a pre-election cut in national insurance despite a warning from the International Monetary Fund of a looming £30bn hole in the public finances, Downing Street has indicated.
Rishi Sunak’s spokesperson said the government rejected the IMF’s argument that there was no room for a third cut in NI in less than a year and that the Treasury should instead be thinking about tax increases or spending cuts.
