IMF says UK austerity measures may have to be reviewed - papers

Government austerity measures may have to be rethought if the recovery slows, the International Monetary Fund (IMF) has warned.

The IMF approves of the coalition's "forceful" cuts, but said the risks around its own predictions for 1.7% growth this year and 2% next are "unusually large", the Telegraph reports. "If there's a sharp and prolonged downturn in the economy, the pace of fiscal consolidation may need to be adapted," said Ajai Chopra, who led the IMF's annual UK review. Read more...