✉news BusinessFinance first seen 5 h ago, last 1 h ago, peak #1
UK finance minister to urge big economies to curb borrowing at IMF
Original: UK finance minister to call for big economies to get borrowing under control at IMF
Britain's finance minister is set to use the IMF platform to call on the world's largest economies to bring government borrowing under control. The appeal comes as concerns over high public debt levels and fiscal sustainability weigh on global markets, with the UK itself facing scrutiny over its own fiscal position. The remarks signal an attempt to press peers on debt discipline amid rising borrowing costs worldwide.
Why now: Rising public debt and borrowing costs in major economies have made fiscal discipline a pressing topic at the IMF gathering
UK TreasuryInternational Monetary Fund
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