IMF warns UK about cutting taxes ahead of election

Furthermore, it said Britain should consider new revenue-raising measures such as higher carbon and road-usage taxation, a broadening of Vat and inheritance tax bases, and reforming capital gains and property taxation

British prime minister Rishi Sunak is expected to give more sweeteners to voters after the summer in a final attempt to bolster support for his  Conservative Party before an election

The International Monetary Fund has warned Britain's government it was on course to miss its debt target and should not cut taxes before an election later this year, with tax rises likely to be needed in future.

The IMF increased its projection for British economic growth in 2024 to 0.7% from an April forecast of 0.5%, an upgrade that reflected strong early 2024 growth data and will be welcomed by British prime minister Rishi Sunak, who is struggling to win over voters.