IMF says it is not recommending faster UK fiscal consolidation

BANGKOK, Oct 14 (Reuters) The International Monetary Fund (IMF) is ​not recommending ‌that the UK accelerate its fiscal consolidation, an IMF official ‌said ​on Wednesday. Our ⁠recommendation is stay the ⁠course . We are not saying accelerate the pace of consolidation , ​fiscal affairs director Rodrigo Valdes ⁠said during ⁠IMF-World Bank ​meetings in Bangkok. The UK government, ​which ran a budget ‌deficit of 4.4% of GDP last year, aims ⁠to balance day-to-day spending with tax revenue by ⁠the ‌2029/30 financial ⁠year – but ​previous ‌governments regularly failed ​to meet ⁠similar goals. (Reporting by David Milliken; Writing by Mikhail Flores; Editing by Martin ​Petty)