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Financial institution and UN specialized agency
The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world". The IMF acts as a lender of last resort to its members experiencing actual or potential balance of payments crises.
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Britain cannot tax its way to prosperity, warns Healey as rising costs and inflation challenge the upcoming Budget.
The Institute for Fiscal Studies says the government will need a "top-up" of billions of pounds if it wants to meet its spending plans.