News · 18 May 2026
IMF backs UK deficit plan, Starmer under pressure
Marek Ślusarczyk (Tupungato) Photo portfolio via Wikimedia Commons (CC BY 3.0)
The pound dropped significantly last week, driven by concerns over potential increases in government spending. The International Monetary Fund backs the UK's strategy for reducing its deficit, while Prime Minister Keir Starmer is under pressure to make a decision about his future. The UK's long-term borrowing costs this morning saw a decrease, with 30-year bond yields reportedly dropping to 5.808%.
Reported by Guardian · How we write briefs