Britain may need to cut VAT or National Insurance, says the International Monetary Fund

Telegraph (UK) ^

[Perdogg]

Christine Lagarde, the managing director of the IMF, said Britain had done well with its programme to cut its budget deficit so far but "unfortunately economic recovery has not taken hold".

The global financial watchdog concluded that measures to boost economic growth by raising spending on infrastructure have only been "modest" so far.

In its report on the health of the UK economy, the IMF said the Bank of England could consider cutting interest rates even further, helping small businesses get loans and doing more "monetary easing" - effectively money printing.

[BenLurkin]

This is what you get when you elect traitors who call themselves a “citizen of the world.”

[pallis]

Trust your health to the government. They know what’s best for you.

[kitkat]

Sure, lower the interest rates so that small businesses can get loans. And their customers who have saving accounts will have less money to buy their products, which will put the small businesses OUT OF BUSINESS.

[SunkenCiv]

Thanks Perdogg.

[UKrepublican]

I am a 24 year old business owner, who is just in the process of having to wind down my company (currently setting up another!), and the taxation and crazy red tape, employment laws and nonsense thrown at business has certainly contributed towards my situation.

I am so disgusted by what has come of our country. It makes it very hard for small business to pick up.

Telling people with familys to feed and mortgages to pay they are being made redundant is one of the hardest things I have had to do. I have been on both sides of that equation and both are horrible.

But our Euro masters and pathetic spineless political classes seem intent on taxing us into permanent decline.