IMF tells UK not to cut taxes as it warns over £30bn fiscal hole

Washington-based body says spending plans look unrealistically low and ‘difficult choices’ lie ahead

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The International Monetary Fund has signalled its opposition to pre-election tax cuts from Jeremy Hunt as it warned the government of a looming £30bn hole in the UK’s public finances.

In its annual health check on the economy, the Washington-based IMF said current spending plans looked unrealistically low and that “difficult choices” lay ahead.