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JAN 24, 2013 - The Guardian

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George Osborne defies IMF over pace of cuts plan

Chancellor advised to moderate austerity programme as Nick Clegg concedes that capital spending was cut too quicklyGeorge Osborne insists he will press ahead with the government's austerity plans despite a warning from the International Monetary Fund that the chancellor should slow the pace of cuts.On the eve of the latest GDP growth figures for the UK economy, the chancellor said the credibility Britain had built up by setting out a tough package of tax rises and spending plans had been "hard won, and easily lost", adding that it would be "a huge mistake to put that at risk".The IMF's chief ... Read More

Tags: George Osborne defies IMF over pace of cuts plan,  David Cameron Latest News