IMF signs off on UK’s fiscal plans
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The IMF signed off on George Osborne’s fiscal deficit plans today.
The Fund praised the government’s bold strategy to eliminate the deficit within five years. The deficit reduction plan “greatly reduces the risk of a costly loss of confidence in fiscal sustainability and will help rebalance the economy,” the concluding statement of the mission said.
It welcomed the early action on the deficit and the weight given to spending cuts rather than tax increases.
Tags: risk, confidence, strategy, borrowing, national debt, imf, george osborne, fiscal strategy, deficit reduction
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