IMF tells Britain 'must try harder'

2012-05-22 17

The IMF has said Britain's struggling economy needs the Bank of England to pump in more money and perhaps cut interest rates, already at a record low 0.5 percent.

International Monetary Fund head Christine Lagarde, on a visit to London, told UK finance minister George Osborne his government should back off its austerity programme if things get worse.

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