UK Chancellor Says Economy Has Proven IMF Wrong

George Osborne will on Friday round on detractors who said Britain’s economy could not grow amid austerity and set out a vision for strong growth with healthy public finances.
Attending the spring meetings of the International Monetary Fund, the chancellor will round on the fund and other critics who he will say “have been proved wrong” by Britain’s strong recovery over the past year.

Mr Osborne’s speech signals a shift from his cautious approach regarding the recovery to one that seeks to gain political advantage from the surprising strength of the upswing as the UK’s general election approaches.
The chancellor is gambling that voters will reward the Conservatives for correctly predicting a recovery would start rather than using the better economic news as an excuse to vote for a slower path of deficit reduction offered by Labour and the Liberal Democrats.

via CNBC

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