TSC accuses IMF of avoiding public scrutiny over Mini Budget inquiry

Harriett Baldwin calls for change in policy

Valeria Martinez
clock • 1 min read

The Treasury Select Committee (TSC) has accused the International Monetary Fund (IMF) of trying to avoid public scrutiny over the institution's criticism of the government’s Mini Budget after rejecting a request to appear in front of MPs.

The House of Commons committee has been pressing the IMF to give an on-the-record testimony after its intervention last year, when the organisation said it was "important that fiscal policy does not work at cross purposes to monetary policy" and asked the then-chancellor Kwasi Kwarteng to reconsider his plans. TSC conservative chair and ex-Treasury minister Harriett Baldwin wrote in The Times today (11 January) that the IMF should change its guidance to allow its most senior officials to testify publicly before parliamentary committees of member nations. Although she understood that t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read