Do more to boost growth, IMF tells Britain
Do more to boost growth, IMF tells Britain
LONDON (Reuters) - Britain's struggling economy needs the Bank of England to pump in more money and possibly cut record-low rates, while the government should back off its austerity program if things get worse, the International Monetary Fund said on Tuesday. The international lender said the government should step up efforts now to get credit flowing, raise infrastructure spending and, if the euro zone crisis escalates, consider temporary cuts to sales and payroll taxes. "Growth is too slow and unemployment, including youth unemployment, is too high. ...
//news.yahoo.com/imf-tells-britain-more-drive-growth-110517699--business.html
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