0621 GMT - The U.K.'s public finances aren't in a great state but the country isn't likely to resort to a bailout by the International Monetary Fund, economists at Capital Economics say. A group of senior economists suggested in the British press over the weekend that the country's high debt levels and stinging interest payments could bring about a crash in the economy, with the IMF forced to step in, unless the government acts decisively. But that scenario looks far-fetched, Capital says. The U.K. retains investor confidence despite higher yields on some government bonds, and can finance itself in its own currency, with the Bank of England a secure backstop, the economists say. "There is no evidence of the market pressure that would force external financing assistance," they say.(joshua.kirby@wsj.com; @joshualeokirby)

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August 28, 2025 02:21 ET (06:21 GMT)

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