Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecasts
The International Monetary Fund has urged Britain to “stay the course” to cut government borrowing amid growing bond market concerns over a Labour leadership challenge.
As Keir Starmer battles to cling on to power, the Washington-based fund said it was important to continue reducing the budget deficit “given market pressures and elevated implementation risks”.
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This article was originally published by The Guardian and written by Richard Partington.
Read original article on The Guardian