British Economy

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Minister brands IMF ‘unduly pessimistic’ despite new figures showing UK economy flatlined in February

Home office minister Chris Philip has dismissed the International Monetary Fund’s (IMF) economic forecast for the UK, claiming the organisation’s predictions are “unduly pessimistic”.   Mr Philp, the policing minister, said this morning that the UK has a “track record” of “consistently outperforming” the IMF’s forecasts — that is despite new figures showing the UK economy flatlined in… Read more »

News Feature
‘Spreadsheet Jeremy’ is stuck between a rocky economy and hard tax-cutters

In the Autumn Statement in November, Jeremy Hunt was the proud spokesperson of treasury orthodoxy. Outlining the most austere economic plan announced since George Osborne’s “emergency budget” in 2011, the very presence of “spreadsheet Jeremy” sent well-telegraphed signals to Britain’s financier class. The government’s hedonistic flirtation with Trussonomics — lenders were assured — had been as fleeting… Read more »