UK economy assessments should be cut to one a year, IMF suggests

The UK government's finances should be assessed only once a year to avoid "overly frequent" changes to policy, the International Monetary Fund (IMF) has suggested. At the moment, the government's independent forecaster - the Office for Budget Responsibility (OBR) - has to produce two forecasts a year for the economy and public finances, and to assess if the government is on course to meet its limits on…