It’s come to something if the International Monetary Fund is now the harbinger of social ills in the UK. Normally a bastion of free markets, the IMF today warns that the speed and severity of the cuts could hit the most vulnerable hardest and lead to social unrest.
In an update to its annual health-check of the UK economy, the IMF said “Implementation of expenditure reductions remains a risk and cuts of this magnitude will be challenging to implement and may strain public service delivery in some areas. The effect of spending reductions on vulnerable segments of society will need to be monitored closely.”
Not exactly rocket science, but hey…