IMF to UK: Cut Taxes to Boost Economy

Ad Feedback

The International Monetary Fund expressed approval of British Chancellor George Osborne's austerity measures but suggested the government cut taxes if its economy fails to improve.

While the global economic watchdog said it expects a "moderate" recovery in Britain, it is also concerned the United Kingdom might encounter some serious bumps in the road.

Should that happen, the agency says tax cuts for businesses and individuals would be a better move than increasing government spending. 

The IMF's advice comes amid fears the UK's rate of deficit reduction is jeopardizing the nation's economic recovery.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.