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Who do you believe: Sunak or the IMF?

(205 Posts)
MaizieD Tue 31-Jan-23 15:52:51

The IMF is more reliable than our government which is pushing us hard and fast into recession.

ronib Tue 31-Jan-23 14:22:20

Germany also expected to go into a recession.

I think it suits the narrative for the IMF to pit us against the government. I don’t think the IMF is that reliable. Just a gut response.

MaizieD Tue 31-Jan-23 13:12:44

Sunak isn't an economist. He was a Hedge Fund manager. He is just going along with the toriy's belief in small state and the myth that deficits are Bad.

The IMF said years ago that Osborne's 'austerity' programme was, at the least, overdone. But tories don't learn anything from history.

The IMF are correct.

Trouble is, Labour don't appear to be any better; though they might just be keeping the MSM happy until they win the next GE.

eazybee Tue 31-Jan-23 13:08:40

I read a long article on Sunday about people still desperately trying to rejoin the EU, which is the purpose of your post.

CvD66 Tue 31-Jan-23 12:57:46

The IMF have identified that the UK is the only G7 economy to shrink in 2023, falling behind even Russia.
A leading Tory boss calls Brexit a ‘complete disaster’ and was ‘total lies’ claiming Johnson threw the NHS under the bus.
Today’s business reports include a 4% shrinkage in long-run productivity relative to remaining in the EU, (the Office for Budget Responsibility), inflation and energy prices higher than in the EU, trade has fallen by almost a fifth. Brexit has raised food prices by 6% says the LSE. Yet Sunak tells us to rely on trade deals where we’ve sold our farmers down the river (Australia) and will raise GDP by less than 0.1% a year by 2035! He refers to Freeports as a Brexit advantage, yet UK had 7 Freeports in 1984 and chose to phase them out in 2012!
With business going under due to huge staff vacancies, since we lost many EU employees and key industries like social care and hospitality struggling to cope, future growth will continue to be jeopardised!
Will the May Elections be when this country wakes up and acts?