As you may be aware the IMF recently endorsed the Coalition’s deficit reduction plans, much to the glee of those in BUC”F”, etc. However, similar compliments were said to that of the Irish Government’s austerity actions two years ago. Now no one is saying that the UK and Irish economies and their features are the same (unlike the DC, Gideon and Cleggy who hopelessly used Greece and Canada as examples to justify their austerity measures in a downright scare campaign), but it does give a tell tale sign of what MAY happen if you slash spending, force thousands more to the unemployed register and consequently lowers tax receipts.
Also, if you were watching tonight’s Question Time, the IMF’s credibility was absolutely decimated. Given it was pointed out by members of the audience and the panel that they are totally inept at understanding the social impacts of any real policy they support and how little progress they’ve made with child poverty in Africa.