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George Osborne delighted at IMF rubberstamp

As you might expect, George Osborne, the Chancellor of the Exchequer, has today expressed his delight at IMF backing for the UK government's austerity measures in the short to medium term. As we covered in one of our earlier articles, the IMF fully understands the need for the UK government to slash public-sector spending to protect the UK government's international credit rating. When such a party as the IMF voices such a positive opinion it can only do good for the UK government as it attempts to get the message over to the UK electorate.

It has been a very difficult few weeks for the coalition government with criticism from within the Conservative/Liberal Democrat set up as well as endless criticism from the Labour Party. In many ways David Cameron is in a no-win situation as he has to take the difficult decisions in the short to medium term which could ultimately make his party, or the coalition party, unelectable at the next election.

If the UK electorate believes that the situation regarding public-sector spending is difficult now then they should not hold their breath as 12 months down the line the situation will get very much worse. This is when support for David Cameron and his government will be truly tested to the limit.

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