IMF says national insurance cuts were a bad idea but upgrades UK growth forecast
Tuesday, 21 May 2024 The International Monetary Fund (IMF) has said the UK economy is heading for a "soft landing" but reiterated its message to Jeremy Hunt that he should not have cut national insurance at the last two fiscal events.
The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt has accused Labour of lying over the "£22bn" budget black hole it claims to have inherited. The shadow chancellor, who was speaking at the Conservative conference in Birmingham, claimed the £22 billion “black hole” could turn out to be a £39 billion surplus. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Tuesday, 21 May 2024
![Rachel Reeves: Budget delivers desperately needed stability [Video]](https://video.newsserve.net/300/v/20241101/1392163752-Rachel-Reeves-Budget-delivers-desperately-needed-stability.jpg)
![Jeremy Hunt accuses Labour of lying about public finances [Video]](https://video.newsserve.net/300/v/20240930/1388908720-Jeremy-Hunt-accuses-Labour-of-lying-about-public.jpg)
