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Deficit must be cut, IMF warns Brown
16.07.09
The International Monetary Fund today warned Gordon Brown he must produce a "credible plan" to reduce the budget deficit.
The IMF predicts UK debt could double to almost 100% of GDP - the level at which the country's prized AAA credit rating would be cut.
"The success of the current policy package depends on continued trust in the sustainability of the fiscal position," the IMF said.
