RE: RE: Vod v Capita Challenge!22 Apr 2025 14:43
Reeves cannot blame Trump for Britain’s downturn, warns IMF
Szu Ping Chan
in Washington
Britain’s growth prospects have been cut by the International Monetary Fund (IMF) as it warned Rachel Reeves could not single out Donald Trump’s trade war for the downturn.
The IMF said UK government policies were stoking price pressures and would push Britain’s inflation rate to the highest in the G7. It means inflation in the UK will outstrip the US rate even as the president continues his tariffs onslaught.
While the IMF slashed its growth projections for almost all major economies over the next two years, it said the UK faced “significant downward revisions” alongside the US and that the Chancellor could not blame the setbacks on tariffs alone.