{
  "id": 13856277,
  "title": "UK finance minister to call for big economies to get borrowing under control at IMF",
  "url": "https://urgent.news/2026/10/12/uk-finance-minister-to-call-for-big-economies-to-get-borrowing-under-13856277",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T02:21:00.000Z",
  "source": {
    "name": "Bangkok Post Business",
    "slug": "bangkok-post-business",
    "url": "https://www.bangkokpost.com/business/general/3335590/uk-finance-minister-to-call-for-big-economies-to-get-borrowing-under-control-at-imf"
  },
  "original_language": "en",
  "account": "UK Finance Minister John Healey is set to emphasize the need for responsible borrowing and enhanced resilience when he convenes with global leaders at the International Monetary Fund's annual assembly. Healey revealed his commitment to fostering international trade, assisting families and businesses, and bolstering Britain's economy during a statement released by his office. He advocates for major nations to present solid plans to curb borrowing, following similar appeals from IMF Managing Director Kristalina Georgieva and Bank of England Governor Andrew Bailey.\n\nThe International Monetary Fund and World Bank are convening in Bangkok this week to deliberate on the repercussions of escalating tensions in the Middle East and their influence on energy costs and inflation. Healey plans to converse with Ukrainian Finance Minister Sergii Marchenko among other delegates concerning economic robustness. During his inaugural budget on October 28, Healey pledged to enforce fiscal prudence as government borrowing expenses soar, driven by apprehensions about inflation stemming from the US-Iran conflict, substantial government expenditures, and the necessity for heightened interest rates. He assured that his fiscal discipline will be exhibited when presenting the budget. To counterbalance the budgetary impact of escalating inflation and allocate additional funds for defense and mitigating energy expenses, Healey may require GBP 36 billion in tax hikes, equivalent to raising the standard income tax rate by 3 percentage points.",
  "summary": "British Finance Minister John Healey will stress the importance of budget discipline and improving resilience to geopolitical shocks when he ‌meets his foreign counterparts on his first trip to the International Monetary Fund's annual meetings this week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Dawn Business",
        "title": "Finance minister heads to Bangkok for IMF, World Bank meetings",
        "url": "https://urgent.news/2026/10/10/finance-minister-heads-to-bangkok-for-imf-world-bank-meetings",
        "published": "2026-10-10T16:28:01.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "UK finance minister to call for big economies to get borrowing under control at IMF",
        "url": "https://urgent.news/2026/10/11/uk-finance-minister-to-call-for-big-economies-to-get-borrowing-under",
        "published": "2026-10-11T23:30:42.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "UK finance minister to call for big economies to get borrowing under control at IMF",
        "url": "https://urgent.news/2026/10/12/uk-finance-minister-to-call-for-big-economies-to-get-borrowing-under",
        "published": "2026-10-12T01:09:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}