IMF Staff Country Reports

United Kingdom: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for United Kingdom

July 25, 2025

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Format: Chicago

International Monetary Fund. European Dept., and International Monetary Fund. Strategy, Policy, & Review Department "United Kingdom: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for United Kingdom", IMF Staff Country Reports 2025, 204 (2025), accessed 12/5/2025, https://doi.org/10.5089/9798229018678.002

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Summary

The new government has launched bold reforms since taking office in July 2024. The efforts go in the right direction, but delivering on this agenda is challenging in a highly volatile global environment and with limited fiscal space. Economic activity is projected to gradually recover, driven by private consumption. The disinflation process is expected to continue despite a temporary uptick in inflation.

Subject: Economic sectors, Financial sector policy and analysis, Financial sector stability, Inflation, National accounts, Prices, Private investment, Public sector

Keywords: BoE governor Bailey, BoE official, consultation cycle, export credit agency UK Export Finance, Financial sector stability, Global, growth mission, implementation of the Bernanke Review, Inflation, Private investment, Public sector, UK economic policy agenda