IMF slams Osbornomics – and calls for Osborne to reconsider cuts plan
Mark Ferguson
Share this article:
Speaking at a press conference this afternoon, IMF Chief Economist Olivier Blanchard said of the UK, that:
“In the face of very weak private demand it is time to consider adjustment to the original fiscal plan.”
That may not sound much – but remember this is the IMF, who don’t, as a rule, make a habit of picking on G8 economies.
To get even this level of criticism is noteworthy…
More from LabourList
‘After years of sewage and debt, Thames Water doesn’t deserve another free pass’
‘Canterbury Cathedral’s graffiti: Why Labour must fight for British heritage’
Letters to the Editor – week ending 19th October 2025