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The Financial Times leads with comments from the International Monetary Fund (IMF), which has said that most advanced economies that can borrow freely will not need to plan for austerity to restore the health of their public finances after the pandemic – a reversal of its advice a decade ago. However, Vitor Gaspar, head of fiscal policy at the fund, has told the paper that countries with only limited access to financial markets will need to be much more careful with their fiscal strategies.