Imf Praises Chancellor's Economic Skills

The HeraldMarch 09, 2005

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Summary


CHANCELLOR Gordon Brown received a pat on the back yesterday from the International Monetary Fund - which praised UK policymakers for "skilful macroeconomic management" while warning government spending should be cut to keep public finances on track.

The IMF said Brown, who will deliver his pre-election budget next Wednesday, was almost certain to meet his "golden" fiscal rule of borrowing only to fund investment over the economic cycle.

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Imf Praises Chancellor's Economic Skills

In its annual report on the UK economy, it said: "The sizeable ini...

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