IMF warns Brown not to raise taxes in Budget

The International Monetary
has told
to reduce spending rather than raise taxes in order to shore
up the public finances.

According to the FT
, the IMF said the chancellor’s ‘credibility’ in pursuing a
tight spending round would be put to a ‘critical test’.

In its Article IV consultation, however, concluding December’s preliminary
annual review of the UK economy, the IMF did acknowledge that the performance of
the UK economy had been ‘impressive’.

Further reading:

Brown names Budget date  

ITEM Club warns of disappointment for chancellor

Whitehall probe slams Treasury’s PFI numbers

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