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
Ex-Cooper aide: ‘Keir’s ground-breaking deal with France suggests his migration approach could be bearing fruit’
Labour to scrap first past the post for mayoral and PCC elections
New intake Labour MPs: ‘Why we set up the Living Standards Coalition’