UK debt crisis could require IMF bailout, with former Bank of England deputy governor warning of risk.
5 reports, 3 independent
Updated Sep 27
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What happened
UK debt crisis could require IMF bailout, with former Bank of England deputy governor warning of risk.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Labour government seeks IMF bailout for UK amid economic strain.1 source
Labour figures cautioned against spending and tax rises amid IMF bailout risk.1 source
UK debt crisis raises possibility of IMF bailout.1 source
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Part of
Andy Burnham discusses the state of the UK economy, noting that fiscal inheritance from Rachel Reeves is problematic and that Britain relies heavily on bond markets, based on advice from the OBR.Also in this story
- Rachel Reeves's predecessor's fiscal discipline was recently praised.
- Andy Burnham faced questions regarding proposed tax and benefits cuts on September 2nd.
- James Hodgkinson has advised on the current economic decline of Britain.
- Burnham and Reeves discussed UK debt, while the Bank of England highlighted easyJet's debt-fuelled structure.
The entities involved
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International Monetary Fund
international financial institution
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Bank of England
central bank of the United Kingdom
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Office for Budget Responsibility
an advisory non-departmental public body
Related events
- IMF notes UK and India's debt consolidation and how the report informs John Healey's budget plans.
- John Healey plans to tax banks like Barclays and HSBC to offset public finance damage, following praise from the IMF regarding UK progress.
- Li Bo serves as IMF Deputy Managing Director while Kristalina Georgieva holds the role of Managing Director.
- Reuters published a poll regarding expectations for the Bank of England's interest rates.
- IMF Fiscal Monitor tracks debt levels for France and Japan, noting France's bond yields are higher than Italy's.