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Live Updates  >  Live Update Details

2026-07-17 17:00:13

The International Monetary Fund (IMF) warned on July 16 that Andy Burnham, who is expected to become British Prime Minister on July 20, is unable to increase public spending given the "challenging" outlook for the UK budget; any funding for the energy bill would need to be offset by savings in other areas. The IMF stated that the UK government's measures to address the energy shock caused by the conflict with Iran should remain "precisely targeted, temporary, and budget-neutral."

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