It was the soundbite of the chancellor's dreams. The head of the IMF said that when she looked back at the UK's deficit in May 2010 and imagined there being no plan to reduce it "I shiver".
This came after Christine Lagarde had backed "the policy mix" ie the combination of government tax and spending policies and the Bank of England's interest rate and quantitative easing policies.
G20 member Indonesia threw its backing behind France's Christine Lagarde for the head of the IMF. ||| G20 member Indonesia threw its backing behind France's Christine Lagarde for the head of the IMF on Sunday, marking her first publ... Read Post
France's finance minister, Christine Lagarde, looks likely to be the next head of the IMF after receiving the support of British Chancellor of the Exchequer George Osbourne. Osbourne's support adds to ever-growing European Union con... Read Post
In the end, I guess you just take from the latest IMF assessment of the UK economy what you want to read into it. George Osborne, the UK Chancellor, seemed as pleased as punch about it when he introduced Christine Lagarde, IMF manag... Read Post