IMF cautions against UK cutting taxes in upcoming Budget

“Preserving high-quality public providers and enterprise important public investments to spice up progress and obtain the web zero targets, will indicate increased spending wants over the medium time period than are at the moment mirrored within the authorities’s price range plans,” an IMF spokesperson mentioned. “Accommodating these wants, whereas stabilizing the debt to GDP ratio, will already require further fiscal financial savings, together with on the tax facet. It’s on this context that workers advises in opposition to additional tax cuts.”