IMF warns UK of risk of inflation ahead of government’s first budget

The National ·
United Arab Emirates

The debt-laden UK economy needs to stay the course on deficit reduction and use cost-of-living relief sparingly or risk reigniting inflation, the International Monetary Fund warned on Tuesday. The warning comes just over two weeks before UK Chancellor of the Exchequer, John Healey, presents his first annual budget. It is important there is no slippage in the face of higher debt interest costs and…

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