IMF warns Andy Burnham against tax rises and higher spending ahead of entering Downing Street
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The International Monetary Fund (IMF) has warned Andy Burnham against increasing public spending or raising taxes as he prepares to enter Downing Street.In its latest assessment of Britain's economy, published today, the Washington-based organisation urged the incoming Prime Minister to remain focused on economic growth and reducing the deficit amid an increasingly uncertain global outlook.The IMF said: "This calls for a cautious approach to new fiscal pressures: the authorities should be very selective in accommodating new demands and reprioritise, while sticking to the deficit reduction plan."The organisation also addressed the impact of the conflict involving Iran on energy prices, saying any Government support should be "tightly targeted, temporary and budget-neutral".
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TRENDING Stories Videos Your Say The IMF said future spending reviews should focus on reallocating funding between Government departments rather than increasing overall public spending.It said this approach would...
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