The UK Chancellor is considering reforms to the budget system to avoid frequent adjustments to fiscal policy.

[Coin World] On July 11 (UTC+8), as investor concerns about the volatility of UK economic policy escalate, UK Chancellor of the Exchequer, Reeves, is exploring reforms to the budgetary system to avoid a sudden spring fiscal repair plan. According to informed sources, Reeves is considering reform proposals put forward by the International Monetary Fund, which aim to "reduce the pressure for frequent adjustments to fiscal policy." Meanwhile, she has also reiterated her commitment to holding only one fiscal press conference each year. The International Monetary Fund suggested reforms for the UK in May this year to ensure that when there is a slight deviation from fiscal rules, there is no need to take "corrective fiscal measures" between two budgets. The organization also stated that the UK could consider evaluating compliance with fiscal rules only once a year, instead of the current twice a year. A City of London insider said, "This is something that the Treasury is considering—this needs to be done. The current approach of swinging back and forth every six months between forecasts is simply not a feasible way to formulate fiscal policy in this highly unstable global economy. The bond market would not only not oppose this but would actually welcome such reforms."