Rachel Reeves should refine fiscal rules to avoid emergency spending cuts, IMF says

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%Business live – latest updatesRachel Reeves should refine her fiscal rules to prevent the need for emergency spending cuts, the International Monetary Fund has said in its annual review of the UK economy, as it upgraded its forecasts for UK growth this year.Adding to the clamour from backbench Labour MPs incensed by the government’s welfare cuts, the Washington-based organisation said the chancellor should examine ways to avoid making short-term savings when there is a downturn in economic forecasts. Continue reading...

Comments

Business News

Thames Water hit with biggest ever fine of £122.7m over pollution and dividends

Independent

A complete timeline of Todd and Julie Chrisley's rise and fall, from reality TV fame to 19-year sentence for bank fraud and tax evasion

about 8 hours ago

Starship fumbled its 3rd flight in a row. It's another setback for Elon Musk.

insider

Comments

Similar News

High street optimism slumps as retailers counted the cost of Rachel Reeves' Budget raid

Rachel Reeves 'to ditch Labour manifesto by hiking one of the big 3 taxes in £30bn raid'

Retailers slash hiring as Rachel Reeves' tax raid hits

Rachel Reeves lied about last year's Budget tax hikes – she’s lying about this year's too

Rachel Reeves is reversing her worst decision – here’s seven more errors she must undo NOW

Rachel Reeves looking at ‘lots of little tax rises’ in Budget as she is under pressure to lift 2 child benefit cap

Rachel Reeves is now Chancellor in name only - and more tax hikes are coming

Fears of new Rachel Reeves' tax hikes as tax expert spots worrying signal

Panic as families face new £500k tax sting after Rachel Reeves changes

UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

Rachel Reeves faces doomsday as gilt yields rocket past financial crisis levels

Rachel Reeves Winter Fuel U-turn sparks hopes of wider reversal to benefit cuts

Jump in UK borrowing shows Rachel Reeves needs to relax her strict budget rules

I'm an expert - Rachel Reeves will have to give all pensioners winter fuel money back

POLL: Is Rachel Reeves doing a good job with the UK economy?

Full list of bills that have risen under Rachel Reeves

Rachel Reeves to blame for today's inflation surge – now she faces an even bigger shock

Pub & restaurant bosses slam Rachel Reeves’ tax hikes for sending inflation rate soaring by more than expected

Rachel Reeves nightmare as UK inflation surges 3.5% after ‘awful April’ price hikes

Martin Lewis warns savers after Rachel Reeves' backs down on ISA shake-up

Business News

Thames Water hit with biggest ever fine of £122.7m over pollution and dividends

Major energy suppliers hand out £1,000s in compensation over energy meter scandal

FC Barcelona Legend Xavi Hernandez Said Winning This Competition Was ‘Touching The Sky’

FC Barcelona Reaches Agreement With Top Transfer Target, Reports Mundo Deportivo

Water company hit with largest-ever fine issued by regulator

Customers conned into sharing passcodes as online fraud cases surge in UK

Caitlin Clark Sidelined With Quad Strain

Musk Is ‘Disappointed’ With Trump’s ‘Big Beautiful Bill’—Says It Undermines DOGE’s Work

Is This FC Barcelona Ace Lamine Yamal’s Real New Salary Figure?

UK trade representative visits Israel after Britain suspends talks

Government accused of watering down environment rules in housebuilding proposals

Lindsay Lohan says she has fewer worries as a mother in Dubai than in New York and LA

Households can apply for £200 cost of living cash in DAYS

Haliburton's Historic Night Has Pacers On Verge Of NBA Finals

Colin Huang Suffers $5.7 Billion Wealth Plunge As PDD’s Growth Falters

How This Accessible D2C Jewelry Brand Evolved From Clicks To Bricks

Temu's owner saw a nearly 40% profit slump, thanks in part to Trump's tariffs

Nationwide update on dates for £100 payments going out to customers

MLB On Pace For Third Straight Attendance Increase

Terry Bradshaw Calls The Steelers’ Pursuit Of Aaron Rodgers ‘A Joke’

3 questions that could mean you’re due £800 a month from DWP

The Controversial Ending Of Disney’s New ‘Lilo & Stitch,’ Explained

'We don't work with that postcode': 'Sweatshop' scandals have left Leicester's clothing industry in crisis

Award-winning gut health brand cuts 25% off 'life changing' bloating-busting sachet

Elon Musk said he's spent 'too much time on politics' this year, in an interview with Ars Technica

Floridians could soon be able to use gold and silver to pay for things

Elon Musk says Trump's spending bill 'undermines' DOGE's work

SpaceX launches another Starship mega rocket in latest demo after back-to-back explosions

United is narrowing its check-in window for U.S. flights. Here's how it compares to other airlines

Bowser's proposal trims District budget midyear without layoffs

Six Flags to cut 135 jobs at Knott's, Magic Mountain and other California parks

Elon Musk’s SpaceX Starship rocket tumbles out of control after launch and breaks apart in third setback

All the Father’s Day bargains landing in Lidl’s middle aisle this week including Bosch dupe that’s £20 cheaper

Revealed: How Britain's being engulfed by a new wave of fraud that's so sneaky you may not realise you've been stung

United is narrowing its check-in window for US flights. Here's how it compares to other airlines

DWP given 'two-tier' State Pension warning as former worker exposes Triple Lock flaw

‘Charming’ family-run garden centre to close after over 100 years in business as shoppers say ‘you’ll be missed!’

Pacers Get Huge Boost Entering Pivotal Game 4 VS. Knicks

OKC Thunder Just One Win From NBA Finals Appearance

Trump To Pardon Reality TV Stars Doing Time For Tax Evasion, Bank Fraud

Learning From The Ripple Effect Of Pennsylvania’s Energy Dominance

Messi Vs. Ronaldo: Club World Cup Dream, But There’s A Nightmare Scenario

A complete timeline of Todd and Julie Chrisley's rise and fall, from reality TV fame to 19-year sentence for bank fraud and tax evasion

Starship fumbled its 3rd flight in a row. It's another setback for Elon Musk.

NPR's president and CEO talks about lawsuit over executive orders

Amid B.C.’s tariff and trade-challenges, short-term rental rules need to change, group says

'We make more money from weddings now than farming'

Second suspect arrested in alleged crypto torture scheme

Jump in unauthorised fraud cases last year – UK Finance

Average home sale ‘being agreed at £16,000 below asking price’

UK Government to make getting full State Pension simpler with specific changes

Family favourite restaurant chain with 49 sites launches all-new breakfast menu and prices start at just £5

Average home sale ‘being agreed at £16,000 below asking price’

Jump in unauthorised fraud cases last year – UK Finance

Tracy Lawrence On How George Jones Helped Him & His Way Of Paying It Forward With New Artists

The Prompt: A Trillion Dollar Opportunity In Geospatial Intelligence

CFTC’s Failure To Enforce ‘Gaming’ Contract Ban Could Still Upend Kalshi Sports Betting Lawsuits