"Britain is better placed than any other country to weather the recession."
How much longer can the Prime Minister remain in denial? The IMF says that we will have a negative growth rate of 2.8% this year, worse than any other advanced economy. They also say the prospect of the UK going bankrupt cannot be ruled out. That's not David Cameron indulging in a bit of doom mongering. It's the world's pre-eminent economic institution.
Isn't it about time the Prime Minister acknowledged that his policies have made matters worse in this country than elsewhere?
But I suppose we might as well whistle in the wind.
UPDATE 2 Feb 6pm:
Last Wednesday I wrote a blogpost titled IMF: BRITAIN MAY GO BANKRUPT. It was based on a Sky News report, which I had just been listening to ...
The IMF says that we will have a negative growth rate of 2.8% this year, worse than any other advanced economy. They also say the prospect of the UK going bankrupt cannot be ruled out.
A heated debate ensued in the comments in which a commenter called Despairing Liberal maintained that the IMF report said no such thing. I retorted that I had heard Kay Burley on Sky News report that very thing. The debate went on, and on, and on. In the end I asked Sky for a clip of the report which would verify things one way or the other. I have just received the clip and regret to say that Kay Burley said the following...
The Fund's boss also warned that countries going bankrupt could not be ruled out.So there was no specific mention of Britain. I clearly misheard her. I have a policy on this blog of holding my hands up when I have got something wrong, and I do so now. And at the same time I readily apologise to Despairing Liberal and Canvas.
I am updating the original post with this information.