Politics · United Kingdom · 1 hr ago

IMF urges UK to limit cost-of-living support in upcoming budget

IMF urges UK to limit cost-of-living support in upcoming budget

The International Monetary Fund has warned UK Chancellor John Healey about cost-of-living support.

Healey is preparing a budget for this month.

The IMF says he should use that support sparingly.

It warns that too much support could reignite inflation.

The warning matters because the IMF sees a risk that support could add to inflation.

Healey’s budget is the next step, but no further details are given.

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International Monetary FundInternational financial institution
sparingly
via Bloomberg

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