{
  "id": 14179596,
  "title": "IMF warns UK of risk of inflation ahead of government’s first budget",
  "url": "https://urgent.news/2026/10/13/imf-warns-uk-of-risk-of-inflation-ahead-of-governments-first-budget",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T10:34:36.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/economy/2026/10/13/imf-urges-uk-to-stay-course-on-deficit-reduction/"
  },
  "original_language": "en",
  "account": "The International Monetary Fund (IMF) has cautioned the debt-ridden UK economy about the risk of inflation ahead of Chancellor John Healey's first annual budget presentation. IMF chief economist Silvana Tenreyro emphasized that the UK should maintain its fiscal consolidation trajectory and limit cost-of-living relief to avoid reigniting inflation. The UK government is set to announce time-limited cost-of-living measures in the budget on October 28. Meanwhile, the Institute for Fiscal Studies warned the Chancellor to address a £35 billion spending gap, or risk delivering a \"work of fiction.\" Britain is grappling with a prolonged energy crisis, with gas prices surging over 150% this year and gas storage levels at just 48% at the start of October. The IMF expects UK inflation to reach 3.3% this year, before easing to 2.8% next year, and the Bank of England is expected to start raising interest rates from next month.",
  "summary": "The debt-laden UK economy needs to stay the course on deficit reduction and use cost-of-living relief sparingly or risk reigniting inflation, the International Monetary Fund warned on Tuesday. The warning comes just over two weeks before UK Chancellor of the Exchequer, John Healey, presents his first annual budget. It is important there is no slippage in the face of higher debt interest costs and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}