Is this a straw in the wind? No sooner has DSK left the IMF, than the IMF (Article IV Consultation) praises the UK Government’s austerity measures, and says if they cause a further downturn, the UK Government should lower taxes. What next? Praise for Ireland’s austerity measures? A suggestion the Bank of England should raise interest rates to ward off inflation? Oh dear – IMF reverting to type, I guess.
June 10, 2011
The IMF Post Strauss-Kahn