Few British Chancellors have received such a garlanded arrival at the IMF as John Healey. He may prove to be a minimalist Chancellor at the upcoming Budget.
But repeated endorsement of Britain’s fiscal discipline, ahead of October 28, together with better-than-forecast growth this year has brought rare praise from the fund’s managing director, Kristalina Georgieva.
She added the standard admonition that the UK must stick to the course.
Rachel Reeves’ £75billion of tax-raising Budgets may have injured and angered great British businesses such as Marks & Spencer and led to a surge in unemployment among the nation’s young people. But they have satisfied
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