You are here: Home - Saving & Banking - News -

Osborne must face UK ‘growth challenge’ – IMF

0
Written by:
15/10/2012
George Osborne risks damaging the UK economy further unless he eases austerity measures and faces the country's "growth challenge", the International Monetary Fund has said.

The Daily Telegraph reports IMF deputy managing director David Lipton said the Chancellor should give higher priority to saving the flagging economy.

Lipton told the Telegraph: “Our view has been that doing nothing is not a good answer given the problems that could arise when very, very low growth becomes entrenched.”

He also said the Bank of England should investigate how to be more inventive with quantitative easing to boost recovery by buying assets other than gilt-edged securities.

The report said the comments reflect a more critical IMF view about the government’s debt programme.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2216983-george-osborne-uk-chancellor-exchequer
Monday newspaper round-up: UK economy, BAE, eurozone banking

IMF berates Osborne, BAE shifts focus, Cameron to defend the City

Close