Summary
GORDON Brown has been warned by the International Monetary Fund that he will have to raise taxes or cut public spending if he wants to restore order to the nation's finances.
In a hard-hitting report, the IMF says that contrary to the Chancellor's budget projections, it believes there will be 'no improvement in the fiscal deficit' this year or next.See the full content of this document
Extract
Make Cuts or Raise Tax, Imf Tells Brown
If Mr Brown is to meet his own budget rules he will have no choice but to introduce 'fiscal consolidation' which is IMF language for tax increases.
The Washingto...See the full content of this document
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