IMF criticises UK economic policy

<p>The UK’s economic policy has been criticised again by the IMF.</p>

The International Monetary Fund (IMF) has called for the UK to change its economic policy, as it is still a long way from recovery.

Data released recently showed the UK avoided a triple-dip recession after recording slim growth of 0.3 per cent in the first quarter of the year.

In its concluding statement on its mission to the UK, the IMF blamed austerity measures imposed by chancellor of the exchequer George Osborne for the country's slow recovery.

Mr Osborne recently told a Confederation of British Industry business group he will not change course from his austerity plan despite pressure from the IMF.

The IMF's deputy managing director David Lipton said at a press conference that the UK ought to consider slowing the rate of its cuts to boost economic growth.

"It would be, in our view, useful for the economy for infrastructure and other measures to be brought forward to reduce the drag of austerity measures … and provide more support for the economy," he said.

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