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Imf Now Love Badger And Brown?

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Bold? :lol::lol::lol:

That seems like finding something positive to say. Then back to banging on about high levels of debt.

For bold read desperate, for widespread read reckless.

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"We note the IMF's assessment of the scale of the challenges ahead and their advice," the Treasury said. "Restoring the flow of credit to the economy will be crucial to building and supporting the recovery."

New Labour only understands two words. CREDIT. DEBT.

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"We note the IMF's assessment of the scale of the challenges ahead and their advice," the Treasury said. "Restoring the flow of credit to the economy will be crucial to building and supporting the recovery."

New Labour only understands two words. CREDIT. DEBT.

Not true at all.

New Labour do not understand the meaning of the word DEBT, or we wouldn't be in this situation.

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I wonder who's c0ck Brown had to suck at the Bilderberg meeting to get them to say that.

Edited by Sir Jack Daw

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Guest anorthosite
I wonder whose c0ck Brown had to suck at the Bilderberg meeting to get them to say that.

His own. On film.

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UK government must do more to improve public finance, warns IMF

Different slant on it.

Judge for yourself!

The high level of household indebtedness constrains the pace of economic recovery. Faced with falling house prices, significant reductions in the value of pensions and other financial assets, a deteriorating and uncertain employment outlook, and reduced access to credit, consumers are likely to retrench spending to reduce debt and rebuild savings.

High praise indeed!

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whiff of electioneering in this spin angle take on an imf basically saying britain needs to curtail its debt

edit to say her debt, proper english innitt

Edited by loginandtonic

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From The Spectator:

........this is an Article IV report from the IMF and, as such, it has to be "agreed" with the government. So it’s not really independent – this format limits how honest it can be, and vastly expands the ability of the government to get in a line it can spin to the newspapers. But, even then, this report is pretty clear that UK banks still need more capital - i.e. another bailout could be on the cards. It makes clear that Britain’s borrowing may yet end in tears:

“The sharp increase in public sector borrowing and contingent government liabilities, together with continued financial sector fragility, are significant vulnerabilities.”

And warns the Bank of England that it’s playing a dangerous game by using the money it’s printing to pay about a third of the government’s monthly bills:

“The public’s confidence in the Bank of England’s operational independence remains contingent on the stability of public finances. This puts a premium on a path of fiscal policy that restores sustainability.”

It also warns that the Treasury had best come up with a plan to CUT debt – the current plan shows debt rising ever-upwards, even after the coded plans for a 7% spending cut between 2011-14:...........continues

spectator.co.uk

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From The Spectator:

spectator.co.uk

Bank bailout 3 bigger and badder. I keep saying it's coming. Obviously for Brown he'll hope it comes after an election otherwise he might look incompetent having to bailout the banks 3 times and people won't vote for the saviour of the world.

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