Chancellor for a day…

Mr Osborne’s fiscal austerity agenda has been pursued under the misleading guise of ‘sound’ public finance ostensibly to strengthen the economy’s credibility in international markets and restore economic growth. Yet the required rebalancing of demand from the public to the private sector, particularly private investment and net exports, has not materialised.

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Failed policy: The IMF in crisis

Notwithstanding the nature and causes of the Global Financial Crisis (GFC), the IMF continues to espouse fundamentally flawed policy advice, as the institution seeks to maintain its relevance and legitimacy despite becoming largely redundant following the collapse of the Bretton Woods (fixed exchange rate) system in 1971.

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