Published by Michele Maatouk on 17th July 2026
(Sharecast News) - Britain cannot afford a fresh spending binge, the International Monetary Fund (IMF) has warned Andy Burnham. The Washington-based body said the UK Government should be "very selective in accommodating new demands" for spending and instead focus on reducing the deficit. It cautioned that the UK faces serious "challenges" from high debts, rising interest bills and the increasing costs of healthcare and pensions linked to an ageing population. - Telegraph