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Navigating Fiscal Challenges in an Election Year
Exploring the IMF's report on the UK's economic outlook amidst elections, focusing on growth forecasts, fiscal policy hurdles, and impacts of public service spending and tax cuts. Delving into the intricacies of fiscal rules, the chapter highlights the balancing act required between investment spending and tax increases to boost economic growth. Addressing the need for comprehensive changes to support economic prosperity, including enhancing infrastructure, housing, and regional development outside major cities.