IMF urges UK maintain cautious fiscal stance

The IMF strongly approves of the UK's current monetary and fiscal policy framework saying that it has contributed to the longest period of sustained non-inflationary output growth in 30 years, but warned Chancellor Gordon Brown not to loosen the public purse strings in the March 2001 budget.

In its annual Article IV consultation with the United Kingdom, the Fund's executive board members noted the "sound fiscal and monetary policies, underpinned by transparent medium-term policy frameworks as

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