Politics · United Kingdom · 1 hr ago

IMF downgrades UK growth outlook and warns Labour against unaffordable support

IMF downgrades UK growth outlook and warns Labour against unaffordable support

The International Monetary Fund has downgraded its outlook for UK economic growth.

It also warned the Labour government against spending money the country cannot afford on measures to ease the cost of living.

The warning links the UK’s weaker growth outlook with choices about government spending.

Cost-of-living measures are intended to help people with rising expenses.

The IMF’s message is that any such help should be affordable.

The available information does not give the size of the forecast downgrade or describe what Labour will do next.

Sources

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