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IMF backs UK plan for 55 billion pounds of fiscal tightening

Published 18/11/2022, 14:58
© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

LONDON (Reuters) - The International Monetary Fund's managing director, Kristalina Georgieva, said she had spoken with British finance minister Jeremy Hunt on Friday to welcome his latest plan for 55 billion pounds ($65 billion) of budget tightening.

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

"It strikes the right balance between fiscal responsibility and protecting growth and vulnerable households," Georgieva said in a brief statement on social media.

($1 = 0.8412 pounds)

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