George Osborne, the Chancellor, is once again under the IMF scanner, as officials of institution will arrive to review UK economic growth. It is expected that George Osborne will defend his policies.
Today’s official figures confirmed the UK’s longest double-dip recession since the Second World War. United Kingdom is in its longest double-dip recession and according to some sources, George Osborne will be pressured to adopt a “Plan B”. The Office for National Statistics (ONS) will acknowledge that the UK’s economic results decreased between April and June, continuing the trend that had started in October.
George Osborne, the Chancellor of the Exchequer, is expected according to the reports released on Wednesday to announce his upcoming plans to stimulate the economy of UK that has been hit badly by recession.
According to the document that was published in a business magazine simple proposals for the improvement of the legitimate policies were stated. The Labour party’s spokesman stated that the document included efforts to lower the costs of the banks’ lending among themselves during the crunch credit situation. The finance minister of the coalition, George Osborne was called upon to withdraw the false allegations on the people close to Brown were made that they were involved in the scandal of rate fixing.