Osborne hit by IMF double whammy over growth and austerity

clock

George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.

The IMF, which cut the UK's growth outlook for 2013 to just 0.7%, down from 1%, said Osborne should reconsider his austerity plan because of a lack of demand. The report issued a specific note c...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Customised services risk asset manager profitability

Customised services risk asset manager profitability

Report says customised mandates can be expensive and create operational complexity

Jonathan Stapleton
clock 29 October 2025 • 2 min read
LGPS Central commits £58m to Octopus Healthcare Fund

LGPS Central commits £58m to Octopus Healthcare Fund

Investment brings the pool’s social residential allocation to 35% of property portfolio

Jonathan Stapleton
clock 29 October 2025 • 1 min read
Partner Insight: Trade finance and tariffs - When down is up and South is North

Partner Insight: Trade finance and tariffs - When down is up and South is North

Federated Hermes
clock 28 October 2025 • 4 min read
Trustpilot