Conservative policy on deficit receives IMF backing

The International Monetary Fund’s latest report describes George Osborne’s “strong and credible” plan to reduce Labour’s budget deficit as “essential”, saying that it “supports a balanced recovery,” and “will ensure fiscal sustainability.”

Whereas Labour’s Ed Miliband described Osborne’s plans as “economically dangerous” and predicted they would cause a return to recession, the IMF stated, “Fiscal tightening will dampen short-term growth but not stop it as other sectors of the economy emerge as drivers of recovery.”

About Edward Turnham

I am a graduate medical student at the University of Cambridge.
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