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The chancellor, John Healey, has arrived in Bangkok for the IMF/World Bank meetings and spoke briefly as he entered the conference centre this morning.
He welcomed the IMF’s endorsement of the UK’s fiscal policy -the Fund’s managing director Kristalina Georgieva urged the government to “stay the course” on Wednesday.
“I’m pleased the IMF here in Bangkok have backed our economic plans in London. They say the UK stands out on growth despite the deep economic shocks that are affecting worldwide at present.
They say Britain stands out on our plans to get to grips with the big borrowing costs by previous governments. They also say it’s important to stay the path, and I will follow that as I prepare my budget in two weeks’ time.”
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