Osborne backs closer deficit scrutiny by IMF
Following talks between G20 nations in Washington on the sidelines of an International Monetary Fund meeting, Britain looked set to be named as a potential risk to global economic stability due to its large budget deficit.
The G20 also appeared poised to authorise IMF economists to take a closer look at China and Germany's large trade surpluses as well as the United States' deficit.
"This is not something we should in any way be nervous about as a country. It is something we should positively welcome," Osborne told reporters at the British embassy while officials put the final... read more
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