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Imf Praise For Uk Recession Plan

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The UK government response to the global financial crisis has been "bold and wide-ranging," the International Monetary Fund (IMF) has said.

It added that "aggressive action" by the government succeeded in containing the crisis and avoiding a breakdown.

But it warned that high levels of household and bank debt meant the pace of any recovery was still uncertain.

And it urged the government to adopt more ambitious plans to reduce the huge scale of government borrowing.

http://news.bbc.co.uk/1/hi/business/8059861.stm

Does this mean Brown may actually know what he's doing?

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The UK government response to the global financial crisis has been "bold and wide-ranging," the International Monetary Fund (IMF) has said.

It added that "aggressive action" by the government succeeded in containing the crisis and avoiding a breakdown.

But it warned that high levels of household and bank debt meant the pace of any recovery was still uncertain.

And it urged the government to adopt more ambitious plans to reduce the huge scale of government borrowing.

http://news.bbc.co.uk/1/hi/business/8059861.stm

Does this mean Brown may actually know what he's doing?

Not at all, just his pals at the BBC pumping out the spin

After hidding away throughout Expenses Sh*tgate, Gordon's attempting another 'relaunch'

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IMF: "You've managed to stave off the collapse for a short time, but relevant longer term action is needed to rduce debt"

BROWN: "Note to BBC print as follows "Praise and honour and glory to Brown says IMF" "

BBC: Right away sir.

Read Guardian "Next government must clean up this mess" - cos this lot Hahaaaa oh dear !

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Well if the IMF think we are doing a good job then I really am scared. Ever seen the result of an IMF (International Mega F***up) job.

Edited by Abstra

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But it warned that high levels of household and bank debt meant the pace of any recovery was still uncertain.

And it urged the government to adopt more ambitious plans to reduce the huge scale of government borrowing.

That means ******ed.

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I anyone isn't happy to see this news they ought to be horsewhipped.

What's wrong with you people?

Aren't you proud to be English and want your country to be a success?

Talking everything down all the time is criminal. It ought to be stopped.

Is that you Bruno...?

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I anyone isn't happy to see this news they ought to be horsewhipped.

What's wrong with you people?

Aren't you proud to be English and want your country to be a success?

Talking everything down all the time is criminal. It ought to be stopped.

Says Sibley, who on another thread just said:

Congratulations. You're priced out of the housing market. :lol:

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I anyone isn't happy to see this news they ought to be horsewhipped.

What's wrong with you people?

Aren't you proud to be English and want your country to be a success?

Talking everything down all the time is criminal. It ought to be stopped.

I`m proud to be English.

Talking everthing up all the time is mental. It leads to crashes.

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I anyone isn't happy to see this news they ought to be horsewhipped.

What's wrong with you people?

Aren't you proud to be English and want your country to be a success?

Talking everything down all the time is criminal. It ought to be stopped.

Yes we should be talking up the fact we are increasing public debt whilst tax receipts collapse.

I mean nothing can go wrong and we are forgetting Ponzi Brown saved the world, he needs putting their up along side Churchill and Nelson as a national hero.

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The UK government response to the global financial crisis has been "bold and wide-ranging," the International Monetary Fund (IMF) has said.

It added that "aggressive action" by the government succeeded in containing the crisis and avoiding a breakdown.

But it warned that high levels of household and bank debt meant the pace of any recovery was still uncertain.

And it urged the government to adopt more ambitious plans to reduce the huge scale of government borrowing.

http://news.bbc.co.uk/1/hi/business/8059861.stm

Does this mean Brown may actually know what he's doing?

So the life support mechanism has worked (possibly) and the patient is still breathing but at a massive cost. The real test will be to see if the patient is brain dead as a result of the drugs that have been administred. Keeping the patient alive is one thing. Spending the next 20 years in a coma as a result might be the outcome.

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I anyone isn't happy to see this news they ought to be horsewhipped.

What's wrong with you people?

Aren't you proud to be English and want your country to be a success?

Talking everything down all the time is criminal. It ought to be stopped.

So should barefaced lying

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I anyone isn't happy to see this news they ought to be horsewhipped.

What's wrong with you people?

Aren't you proud to be English and want your country to be a success?

Talking everything down all the time is criminal. It ought to be stopped.

FAIL-Cats-We-shall-decide.jpg

Sibley, you are a supreme dork. Will you still be cheerleading overjoyed when taxes are hiked up next year? Or when they cut back spending on health care, pension payouts, education, defence, etc?

More banks may have to be nationalised, says IMF

U.K. Needs Ambitious Deficit-Reduction Plan, IMF Says

Edited by cashinmattress

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It's difficult to know which of the IMF statements on the UK to believe, the pessimistic ones or the optimistic ones.

This one might be the real opinion but on the other hand following its earlier rather pessimistic statements it's possible they thought an optimistic statement might help to bolster confidence to aid an economy/government right on the edge of collapse. The timing again in the lead upto the euro elections and in the middle of the expenses scandal.

The BoE did a similar thing a few days ago in issuing completely contradictory statements about the UK economy within the space of a few days. One very pessimistic immediately followed by another one very optimistic. Anyone would think there are two UKs the way they go on. At heart they are all just total troughers.

Edited by billybong

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Gordon Brown is just papering over the cracks until the General Election. The pain this country is going to feel will be enormous. It won't stop even when GDP goes positive.

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