According to Coin World news, on July 11 (UTC+8), as investor concerns about the volatility of UK economic policy continue to escalate, UK Chancellor of the Exchequer Reeves is exploring reforms to her budget system to avoid a sudden spring fiscal patch plan again. According to informed sources, Reeves is considering reform proposals put forward by the International Monetary Fund, aimed at 'reducing 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, ensuring that minor deviations from fiscal rules do not necessitate 'corrective fiscal measures' between two budgets. The organization also stated that the UK could consider assessing compliance with fiscal rules only once a year, rather than the current twice a year. A City of London insider stated, 'This is something the Treasury is considering - it must be done. Fluctuating every six months between forecasts is simply not a feasible way to formulate fiscal policy in today's highly unstable global economic environment. The bond market would not only not oppose this, but would actually welcome such reforms.'

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