IMF says Britain's U-turn on economic plan signals fiscal discipline
Photo: Reuters
The International Monetary Fund on Tuesday applauded the new British finance minister's decision to scrap most of a proposed debt-financed fiscal package, saying this signaled a commitment to fiscal discipline.
"The UK authorities' recent policy announcements signal commitment to fiscal discipline and help better align fiscal and monetary policy in the fight against inflation. We look forward to the Medium-Term Fiscal Plan," an IMF spokesperson said in a emailed statement to Reuters.
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