IMF: Reeves must raise taxes, scrap triple lock or charge for NHS
- The International Monetary Fund warned Chancellor Rachel Reeves to consider raising taxes or scrapping the triple lock on pensions to meet fiscal rules.
- The IMF noted that the UK could face financial struggles due to potential global crises and disappointing growth figures.
- The report highlighted that the government's deficit reduction strategy may be at risk if economic conditions worsen.
- Reeves has been pressured over her fiscal decisions amid concerns about stagnant economic growth, leading to speculation about tax increases.
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Scrap state pension triple lock or raise taxes, IMF warns Reeves
Rachel Reeves will have to break Labour’s manifesto pledge not to increase taxes on “working people” or scrap the state pension triple lock to relieve pressure on the public finances, the IMF has said.In a report published on Friday, the international financial body said that the UK would need to take “difficult decisions” to address “new expenditure pressures and rebuild fiscal buffers”.It said that an alternative to raising VAT, income tax, or…
·London, United Kingdom
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Total News Sources9
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 17%
C 17%
R 67%
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