This paper describes Romania's Technical Assistance report on reforming personal income taxation. With one of the lowest revenues in the EU and a projected budget deficit exceeding 7 percent of gross domestic product (GDP), Romania should rely on an array of tax instruments to mobilize revenues....

Considerable progress has been achieved in the post-crisis repair of the UK economy. Private-sector indebtedness has been reduced, the financial sector regulatory framework has been overhauled, the fiscal deficit has been cut in half, and the employment rate has reached a record high. With the...

The UK economy is approaching a soft landing, following a mild technical recession in 2023. A modest recovery is projected, with 0.7 percent growth in 2024, strengthening to 1.5 percent in 2025. Inflation has fallen rapidly from double digit levels last year in the context of easing energy...

This Selected Issues paper analyzes the impact of the energy price shock on UK households and firms and describes the energy support measures introduced by the UK government. The paper also provides IMF staff's assessment of these measures and sets out some options to optimize the policy...

The 2023 Article IV Consultation with the United Kingdom discusses that market stress following the September 2022 "mini-budget" has dissipated, in the context of a successful financial stability intervention by the Bank of England (BoE) and two prudent budgets. The post-pandemic recovery was...

This technical assistance (TA) report on Anguilla focuses on modernization of the customs legislative framework. The mission prepared a framework for a customs Act in line with the recommendations made in the Caribbean Regional Technical Assistance Center (CARTAC) TA Assignment Report of April...

This Technical Report discusses the results of the Public Investment Management Assessment (PIMA) of the United Kingdom (UK) undertaken in April 2022. The assessment is timely as the UK plans to increase infrastructure investment in order to boost economic growth, reduce regional disparities and...