Business · 4 hours ago

IMF economist says UK should cut spending, not tax banks

Marek Ślusarczyk (Tupungato) Photo portfolio via Wikimedia Commons (CC BY 3.0)

Helge Berger, deputy director of the IMF's European department, said Britain's tax take is already around 40% of GDP. He told reporters on Friday that scrapping the pensions triple lock and targeting benefits better would make more sense. His comments follow a Guardian report that chancellor John Healey is poised to raise the bank profits surcharge in his budget.

By BriefTea Editorial · 16 October 2026 at 14:52

Reported by Guardian · How we write briefs