The Olympics presents a ‘once in a generation’ moment for many of us in this country – but it also presents a logistical headache for many businesses, not only in London, but across the UK.
Is the IMF telling the Government to adopt a fiscal Plan B and to slow the pace of deficit reduction? I think the answer is no. But is it moving closer to such a call? Affirmative, in my view.
What the IMF staff are talking about here is not the range of supply side reforms that right-wingers are talking up and calling “Plan A +”. What they are suggesting could be needed is full on short-term fiscal loosening in the form of tax cuts.
Latest from Independent journalists on Twitter