The International Monetary Fund (IMF) has warned Chancellor Jeremy Hunt that he shouldn’t be planning to chop taxes any time quickly.
In what can be seen as a bombshell intervention forward of this yr’s election, the IMF mentioned measures comparable to preserving high-quality public companies required greater spending than was presently mirrored within the authorities’s plans.
The feedback, issued alongside the Fund’s newest replace to its financial forecasts, come after Mr Hunt signalled that he plans to chop taxes in March’s spring finances.
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