Rachel Reeves should ease fiscal rules to prevent emergency spending cuts, IMF says

Fund, which has been in UK assessing economy, upgrades growth forecast this year to 1.2% from 1.1%Business live – latest updatesRachel Reeves should loosen her fiscal rules to prevent the need for emergency spending cuts, the International Monetary Fund (IMF) 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

World news

The incredible mission to track down 200,000 radioactive barrels on ocean floor

Express

Comments

Similar News

British woman Rachel Smith's chilling eight-word remark after shark attack in Jamaica

Competing visions and twinges of envy: it’s Angela Rayner vs Rachel Reeves

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

The Ross and Rachel of Australian politics are still on a break – but the Coalition will probably give things another go

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

The four things Rachel Reeves can do to cut inflation

Ms. Rachel makes emotional plea for Gaza’s children as UN warns 14,000 babies could starve under Israeli blockade

Why Starmer’s Brexit reset won’t bail out Rachel Reeves

GDP rise and a less scary outlook offer Rachel Reeves some rare cheer

Rachel Reeves has a plan for your pension – and it could reduce its value

The EU city flooded with millionaires fleeing Rachel Reeves

World news

The incredible mission to track down 200,000 radioactive barrels on ocean floor

Even Fox News isn’t impressed with Musk dodging question over alleged drug use

What do we know about the suspect and victims of the Boulder ‘terror attack’ that left multiple people injured?

Bangladesh opens trial of deposed ex-Prime Minister Sheikh Hasina

Zelensky: drone strike on Russian planes was organised next to Russian secret police HQ

Mormon wives on swinging scandals, friendship fallouts and religious backlash

Unpacking the South African land law that so inflames Trump

Deadly superbugs thrive as access to antibiotics falters in India

Three dead after fire in elderly ward at Hamburg hospital

Thousands evacuated in Canada as wildfires threaten air quality in parts of the U.S.

Death toll reaches at least 200 in Nigerian town submerged in floods as rescue efforts halted

The incredible city once the world's most populated but now abandoned

Japan hit by 6.0-magnitude earthquake off Hiroo coast following Kushiro tremor

Putin shamed: Zelensky says operation to destroy 40 Russian warplanes was 'Next to FSB HQ'

In the aftermath of Trump's victory, California Democrats vow to remain firm on their values

FBI responding to "targeted terror attack" in Boulder, Colorado, Bureau chief says

Man dead after falling from condo building near downtown Calgary

Thousands evacuated in 3 provinces as Canadian wildfires threaten air quality into some U.S. states

Marchers demanding release of Hamas hostages 'hit by molotov cocktails', attacker arrested

Multiple victims injured as suspect allegedly launches ‘targeted terror attack’ on pro-Israel walk in Colorado

Doug Ford and Scott Moe agree to work on eliminating trade barriers on eve of first ministers' meeting

Thousands evacuated as wildfires rage and air quality suffers

Britain sends warning to Putin with 12 new attack submarines

FBI investigating ‘targeted terror attack’ in Colorado

Bashing Barger bringing in runs for Blue Jays

As Ukraine war drags on, what does Russian President Vladimir Putin want?

What's at stake in the U.S.-Iran nuclear talks?

Monday Briefing: Ukraine bombarded Russian air bases

Renewed search for missing kids in Nova Scotia uncovers no new evidence

East Africa's new longest bridge that's 1.9 miles long

Russia economy meltdown as Moscow on brink of 'systemic banking crisis'

60 groups to take part in Majorca overtourism protest - 'Our territory is not for sale'

The bizarre 'desert' in popular tourist country that has more water than sand

50 Cent claims he will personally intervene with Trump to stop any pardon of Diddy

Elon Musk caps off DOGE exit by leaving Trump and Johnson unpleasant parting gift

Tulsa's new Black mayor proposes $100M trust to 'repair' impact of 1921 Race Massacre

Cops hunt for Philly man who they claim stole a car and sexually assaulted 12-year-old inside

Detroit prom night takes terrifying turn as 20 rounds ring out near high school

UK latest country to back Morocco's plan in disputed Western Sahara

Death toll reaches at least 200 in Nigerian town submerged in floods

One person dead and child injured after gunman with ‘explosives on leg’ fires at Tesco

Ukraine's drone attack in Russia shows Kyiv felt it had nothing to lose

Man dead and child injured after shooting incident at shopping centre

Hamburg hospital fire kills three people as trapped patients scream for help

Firefighters hold back blaze in Manitoba as Saskatchewan hamlet now under alert

Regina, Moose Jaw residents asked to conserve water amid treatment plant upgrades

Sikh Society’s Khalsa Parade continues despite smoky conditions

Polish presidential election too close to call, exit poll suggests

Ukraine's audacious drone attack sends critical message to Russia - and the West

Three years into his war on Ukraine, what does Putin really want?

Mexico Votes in Sprawling, First-Ever Judiciary Election

India's self-proclaimed 'history hunter' is on a drive to salvage the past for future generations

What is the Hajj pilgrimage and what is Eid al-Adha? Why are they significant for Muslims?

Top defense officials say Ukraine war has blurred lines, exposing global threats

After report about Iran's increasing uranium stockpiles, Iranian FM stresses Iran's cooperation

The country that made smoking sexy is breaking up with cigarettes

U.S.-backed aid group denies that 31 Palestinians were killed on their way to get food in Rafah

The world's 'narrowest city' squeezed between two steep mountains and home to 400k

Gunman with 'bomb attached to leg' shoots 9-year-old boy before turning weapon on himself

Majorca hotel boss says tourist apartments should be ‘eliminated’ in blow to holidaymakers