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UK faces tough fiscal choices: IMF
The IMF has warned that the UK, under its new Labour government, faces tough decisions due to high public debt. In its annual economic review, the IMF emphasized the need to balance public spending while stabilizing debt, which is nearing 100% of GDP. This challenge arises as the country requires significant investment in sectors like healthcare, which suffers from chronic underfunding and an aging population. Additionally, the IMF called for ambitious reforms to boost growth.
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