IMF says UK austerity measures may have to be reviewed - papers

The IMF approves of the coalition's "forceful" cuts, but said the risks around its own predictions for 1.7% growth this year and 2% next are "unusually large", the Telegraph reports. "If there's a sharp and prolonged downturn in the economy, the pace of fiscal consolidation may need to be adapted," said Ajai Chopra, who led the IMF's annual UK review. Read more...