,,,,,,This is an excellent article from the FT and well worth a read. Check it out!
IMF likely to renew call for relaxation of UK austerity – FT.com.
On this occasion, I tend to support the views of the IMF. Personally, I strongly favor fiscal stimulation, preferably in the form of massive incentives in favor of capital spending; I also endorse public sector capital spending in properly costed and risk assessed capital projects.
What do others think?
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Manufacturing output up 1.1% in March after a 0.7% rise in February providing the first back to back rise in two years – suggesting a possible upward revision of first quarter GDP. NIES reporting 0.8% GDP increase between February and April. Barratt Homes reporting the strongest housing market for 5 years. Maybe not earth shattering but something to counter the never-ending doom and gloom we are fed by the media. Along with recent measures to help SME’s there are tentative signs UK Plc is on the road to recovery.