It said the budget crunch was necessary to undermine Britain's fiscal position in the wake of the 2008 financial crisis. But the fund questioned whether the fiscal sector The report also supports the government's plan to cut its annual budget deficit this year. The international monetary fund has strongly defended its gloomy forecast of the UK after brexit, saying a warning of a slowdown in growth is imminent. "If there is no allow most of the European Union oriented financial services agreement, the financial sector accounts for about 7% of GDP, but about 10% of tax revenue and 14% of the exports, may be affected by the special Britain will stay there," the report said.