IMF Applauds UK’s New Fiscal Plan After Rebuking Previous One
Photographer: Jessica Taylor/UK Parliament
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The International Monetary Fund praised the UK government’s latest fiscal plan on Friday, a month after the lender criticized tax cuts that had roiled financial markets and sent the pound plunging.
The new plan was “prepared at a difficult time for the UK economy, against strong global headwinds,” IMF Managing Director Kristalina Georgieva said on Twitter. “It strikes the right balance between fiscal responsibility and protecting growth & vulnerable households.”