United Kingdom and the International Monetary Fund

[1][2][non-primary source needed] The intention of the IMF was to help rebuild the economies' of Europe following World War II and promote the missions of global cooperation and economic growth established at the Bretton Woods Conference.

[3][non-primary source needed] The UK currently holds 4.03 percent of the total votes for the IMF and a 20,155.1 (in million of SDR's) quota.

This budget lead to a period of growth followed by a time that would result in high levels of inflation, almost 25%, for the pound.

This balance of payment issue coupled with citizens losing confidence in spending, would result in the UK borrowing 3.9 billion from the IMF.

[5] In 2023 the IMF had stated that it saw the UK's GDP contracting by 0.3% this coming year meaning that it would be the worst performing rich economy.