We shouldn?t take the IMF?s views on the UK too seriously

The opening lines of the press conference presenting the IMF’s report on the UK economy did not bode well. The IMF’s deputy managing director David Lipton congratulated the government on its labour market reforms. Does the IMF actually know what is going on in the UK?

The government has taken a number of measures to increase the burden of the minimum wage. The list of other labour market regulations the government has brought in goes much further, and the British Chamber of Commerce has calculated that they would cost businesses £22bn in the four years to 2015.

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Source: http://www.iea.org.uk/blog/we-shouldn%E2%80%99t-take-the-imf%E2%80%99s-views-on-the-uk-too-seriously

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