https://birminghamdaily.co.uk/tags/publicdebt/Recent content in publicdebt on Birmingham DailyHugo -- gohugo.ioen-usTue, 19 May 2026 04:56:50 +0000https://birminghamdaily.co.uk/imf-urges-rachel-reeves-to-reconsider-triple-lock-pension-policy/Tue, 19 May 2026 04:56:50 +0000https://birminghamdaily.co.uk/imf-urges-rachel-reeves-to-reconsider-triple-lock-pension-policy/The International Monetary Fund (IMF) has advised Labour Party Chancellor Rachel Reeves to abandon the current triple lock pension policy and formulate contingency tax plans aimed at reducing public debt relative to GDP. The IMF’s recent report highlights concerns over risky spending projections and tax revenue forecasts, cautioning that the government’s reliance on optimistic efficiency savings may be misplaced. The report emphasizes that anticipated tax receipts hinge on uncertain outcomes from HM Revenue & Customs' efforts to close the tax gap.