Guardian Live: Reports that the IMF has cut its growth forecast for the UK, from 1.5% down to 1.1%. The Coalition Government in the UK folks has to carry on with Plan A, of deep cuts in public spending, otherwise the UK is heading to join Greece and Italy. Also lets be clear these are forecasts, they can go up and down, it would be a disaster to change policy on a forecast, there will be pain folks, people will lose their jobs, the welfare state will reduce in size, but at the end of the day the UK will keep its triple A credit rating, unlike the US under President Obama. Its going to be tough folks, higher prizes and lower wages, but that’s the price the UK has to pay for the follow of New Labour.
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