The International Monetary Fund backed Rachel Reeves' budget, highlighting that her £40 billion tax rises would sustainably boost economic growth and address public service pressures.
The Resolution Foundation assessed Labour's budget as a decisive shift from previous cuts, indicating that increased public investment is sustained through higher taxes and borrowing.
Despite increased spending, the Resolution Foundation cautions that Labour's economic strategy has not yet successfully altered the UK's reputation as a stagnation nation.
The IMF's approval of the UK budget reflects a commitment to reducing long-term debt while aiming for improved public investment and manageable deficits.
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