Should the IMF be called in to audit UK Plc accounts?

There are calls from within the City for the next government to bring in the IMF (International Monetary Fund) to audit UK debts and finally get to the bottom of UK government finances. This is the first time that such an option has been called upon by those in the City and while it is controversial to say the least there is confusion as to the exact extent of UK national debt.

When you also throw in the impact of an ever-growing pension fund deficit in the public sector there are real reasons to fear for the financial stability of the UK in the short to medium term. There is also great concern that all political parties have yet to show their full hands with regards to potential public sector investment cuts in the short to medium term. These troubling issues regarding UK finances and the UK public sector are likely to see the announcement of an emergency budget as soon as the next government is in place.

Alarm bells began to ring when the UK government cancelled last year spending review which has effectively left all political parties and all analysts in the dark regarding UK finances.