IMF Backs UK Spending Cuts
Published / Last Updated on 07/06/2011
IMF Backs UK Spending Cuts.
The IMF is backing the UK government’s austerity measures even though growth is not as strong as expected. The IMF have also warned that UK inflation is likely to remain higher than 4% for most of this year.
Inflation is anticipated to return to the 2% target around the end of 2012 according to the IMF