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The Guardian - UK
The Guardian - UK
Business
Richard Partington Senior economics correspondent

IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty

Kier Starmer and Rachel Reeves
UK bond markets have been concerned the fiscal path adopted by Kier Starmer and Rachel Reeves could change if Andy Burnham were to become leader. Photograph: Adam Vaughan/EPA

The International Monetary Fund has urged Britain to “stay the course” to cut government borrowing amid growing bond market concerns over a Labour leadership challenge.

As Keir Starmer battles to cling on to power, the Washington-based fund said it was important to continue reducing the budget deficit “given market pressures and elevated implementation risks”.

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