IMF urges UK to control public finances

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FT.com / UK - IMF urges UK to control public finances.

Some things don't change.

The economic policies prescribed by the IMF are one of them.

Have they never heard of the multiplier?

Government spending gets us out of recession. Cuts worsen them. OK, it has to be the right spending, I agree. But a simple presecription of cuts is guaranteed to fail.