{"id":10323,"date":"2011-06-06T11:15:06","date_gmt":"2011-06-06T10:15:06","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=10323"},"modified":"2011-06-06T11:15:06","modified_gmt":"2011-06-06T10:15:06","slug":"number-10-rattled-so-now-theyre-calling-in-the-imf","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/06\/06\/number-10-rattled-so-now-theyre-calling-in-the-imf\/","title":{"rendered":"Number 10 rattled, so now they&#8217;re calling in the IMF"},"content":{"rendered":"<p>From the <a href=\"http:\/\/www.thefirstpost.co.uk\/79918,news-comment,news-politics,the-mole-bullish-osborne-seeks-to-defy-gloomy-economists?DCMP=NLC-daily#ixzz1OUNNmblM\" target=\"_blank\">First Post Daily:<\/a><\/p>\n<blockquote><p>Tory bloggers, tweeters and old-fashioned news print columns today swallowed the line put out by Downing Street yesterday that the economists who attacked the Osborne strategy in yesterday's\u00a0<em>Observer<\/em> are just a bunch of Brownites.<\/p><\/blockquote>\n<p>Yes, that's the best counter argument they could come up with yesterday.<\/p>\n<p>Today though it's likely they'll have another one: \u00a0the IMF is going to say that George Osborne is doing the right thing. \u00a0Of course they will. The IMF always supports policies of:<\/p>\n<p>a) \u00a0cutting government spending<\/p>\n<p>b) \u00a0privatising everything possible<\/p>\n<p>c) \u00a0outsourcing<\/p>\n<p>d) \u00a0cutting welfare benefits<\/p>\n<p>e) \u00a0reducing taxes on business<\/p>\n<p>f) \u00a0increasing VAT<\/p>\n<p>g) \u00a0increasing charges for previously freely available public services<\/p>\n<p>h) \u00a0reducing health, \u00a0education \u00a0and other essential public services<\/p>\n<p>And the outcome \u00a0of this mantra, often imposed on developing countries as a consequence of IMF loans? \u00a0It's always an economic disaster: \u00a0the fact that the developing world has not made little or no progress in the last 30 years is almost entirely the fault of the IMF imposing such absurdly inappropriate policies on \u00a0so many poor states.<\/p>\n<p>Osborne is copying the mantra, and he will deliver the same outcome, with IMF endorsement: \u00a0we too will see a complete collapse in our well-being, prosperity, and prospects. \u00a0But that is, you must remember, the IMF criteria of success. \u00a0After all, all that matters is that the rich get richer, and that has happened \u00a0as a result of these policies.<\/p>\n<p>The IMF do not care about anyone but the rich, and nor does George Osborne.<\/p>\n<p>Remember that when he trumpets his so-called success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the First Post Daily: Tory bloggers, tweeters and old-fashioned news print columns today swallowed the line put out by Downing Street yesterday that the<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/06\/06\/number-10-rattled-so-now-theyre-calling-in-the-imf\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,35,1],"tags":[],"class_list":["post-10323","post","type-post","status-publish","format-standard","hentry","category-conservatives","category-economics","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/10323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=10323"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/10323\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=10323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=10323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=10323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}