Monday, August 01, 2011
IMF: Britain may need to be nimble, but no need for a Plan B yet
Posted by David Smith at 06:15 PM
Category: Thoughts and responses

An interesting blog from the IMF, here, setting out some different scenarios for the UK economy. It says that if demand weakens significantly, the authorities should be prepared to respond quickly with more quantitative easing and tax cuts.

Overall, though, it says there is no need to change now: "For now, staying the course and implementing the wide-ranging policy program that was agreed last year seems the right thing to do."