• The post you are reporting:
   
  Howard - do read the report properly.
  
  The IMF have backed George Osborne's defict reduction and been very positive about it. They state that """The government's strong and credible multi-year fiscal deficit reduction plan is essential to ensure debt sustainability. The plan greatly reduces the risk of a costly loss of confidence in public finances and supports a balanced recovery""""
  
  That is an endorsement of Osborne, not the half hearted Darling plan to merely halve the deficit over 5 years.
  
  It also says """The consolidation plan and implementation of early measures to tackle the deficit—one of the highest in the world in 2010—greatly reduces the risk of a costly loss of confidence in fiscal sustainability and will help rebalance the economy.""""
  
  Note the words 'early measures' and remember the rows during the election, Osborne saying we must cut now while Darling and Brown were saying delay cuts a year.
  
  This IMF report totally vindicates Osborne's approach.
  
  note also the last comment ''These benefits outweigh the expected costs in terms of adverse effects on near-term growth. Indeed, market reaction to the adjustment plan has been positive."''
  
  This also endorses Osborne - not Darling.
  
  The rug has been pulled from under Labour's deficit deniers.

Report Post

Your Name

Reason