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MAY 04, 2013 - The Guardian

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George Osborne to tell IMF that austerity U-turn would do damage

Chancellor is determined to resist pressure for greater boosts to growth in talks this week, arguing harm would outweigh benefitsGeorge Osborne will warn the International Monetary Fund that a U-turn on the government's budget plans would do more harm than good when officials from the Washington-based organisation arrive in London on Wednesday for two weeks of talks.The Treasury intends to reject the IMF's call for an easing in the pace of deficit reduction and will insist that any change in the strategy is both unnecessary and counterproductive. Alarmed at the flatlining of the British ... Read More

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