IMF Fiscal Affairs Director Rodrigo Valdés said on Wednesday at the IMF–World Bank annual meetings in Bangkok that the IMF does not recommend the UK accelerate fiscal consolidation and advises "keeping the current course." The UK ran a deficit equal to 4.4% of GDP last year and aims to bring day-to-day public spending and tax receipts into balance by fiscal 2029/30 under its fiscal rules. Valdés' remarks signal a relatively moderate IMF stance—the agency views the current deficit-reduction path

IMF Fiscal Affairs Director Rodrigo Valdés said on Wednesday at the IMF–World Bank annual meetings in Bangkok that the IMF does not recommend the UK accelerate fiscal consolidation and advises "keeping the current course." The UK ran a deficit equal to 4.4% of GDP last year and aims to bring day-to-day public spending and tax receipts into balance by fiscal 2029/30 under its fiscal rules. Valdés' remarks signal a relatively moderate IMF stance—the agency views the current deficit-reduction path as feasible without more aggressive tightening; markets will focus on the government's forthcoming fiscal plans, tax adjustments and debt-sustainability metrics.