The International Monetary Fund has issued a warning about economic challenges ahead, coinciding with the final stages of planning for the first national budget under the new government. With fiscal decisions looming, officials are under pressure to address financial pressures amid global uncertainty. The budget will mark a key test for economic policy as priorities and spending plans take shape. Analysts will be watching closely to see how the government balances growth with stability in its financial strategy.
The prediction from the IMF comes as final preparations are being made for the first Budget under Prime Minister Andy Burnham.
