IMF Warns UK Against Further Tax Cuts

The International Monetary Fund cautions that additional tax cuts could jeopardize the UK's ability to invest in vital services and control debt.

IMF warns UK Chancellor Jeremy Hunt against further tax cuts, stating it could risk the government's ability to invest in vital services like the NHS.
IMF chief economist Pierre-Olivier Gourinchas advises the UK to balance its tax gains with spending to ensure debt does not get out of control.
Chancellor Hunt, who previously cut national insurance, appears keen to cut taxes further ahead of a likely election later this year.
The IMF downgraded the UK's growth forecast for next year, with the UK economy expected to grow 0.6% this year and 1.6% next.
The IMF's warning comes as the UK's debt levels are higher than they have been since the 1960s when compared with the size of the economy.