IMF urges Healey to slash pensions and welfare over bank taxes
The International Monetary Fund urged UK Finance Minister John Healey to cut pensions and welfare instead of taxing banks in his upcoming budget. IMF Deputy Director Helge Berger suggested reforming property taxes or VAT first, citing Britain's historically high 40% tax-to-GDP ratio.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 16 Oct 2026, 15:33 UTC · Updated 16 Oct 2026, 15:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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