Cameron and Osborne must finally heed the IMF’s advice

Ed Balls MP, Labour’s Shadow Chancellor, responding to comments by the IMF’s chief economist Olivier Blanchard on the UK economy, said:

“David Cameron and George Osborne must finally heed the IMF’s advice. They have repeatedly warned that a change of course would be needed in Britain if the economy turns out worse than expected. After two and a half years of flatlining and a double-dip recession the IMF is now clearly losing patience.

“For many months we have called for urgent action to kick-start our economy. The IMF has said such a plan B should include policies Labour has long called for – including temporary tax cuts, such as a VAT reduction, and bringing forward long-term infrastructure investment.

“The longer the Government clings on to its failing plan, the more long-term damage they will do to our economy. David Cameron and George Osborne must now put political pride aside and put the national economic interest first.”

Share and Enjoy:
  • Print
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Add to favorites
  • Yahoo! Buzz
  • Technorati
  • email
  • Facebook
  • MySpace
  • Reddit
  • RSS
  • Twitter
Posted January 24th, 2013 by Ed's team