IMF Urges UK to Maintain Deficit Reduction Plans
The International Monetary Fund warned Britain to stick to its deficit reduction plans as higher energy costs and debt weigh on growth. The IMF raised its UK growth forecast for the year to 1.3 percent while noting high borrowing costs.
The United Kingdom must maintain its deficit reduction path as borrowing costs rise globally, the International Monetary Fund warned on Tuesday morning ahead of the upcoming annual budget.
