Delay austerity and increase investment, IMF warns UK

The International Monetary Fund (IMF) warned on 22 May 2013 UK, telling that should delay plans to push through further austerity measures worth €12 bn, delay new tax rises and spending cuts.

Britain narrowly avoided a triple dip recession by recording economic growth of 0.3 percent in the first quarter of 2013, output is still below its pre-crash level in 2007.

ESO: Background Information: UK and IMF face dust-up on austerity http://www.europeansources.info/record/uk-and-imf-face-dust-up-on-austerity/

---