This says a lot more about the IMF than the UK:
IMF Says U.K. Can’t Afford 2010 Stimulus, Telegraph Reports
The U.K. is alone with Argentina as the only members of the Group of 20 that cannot budget for temporary spending increases next year to aid economic growth, the Sunday Telegraph cited the International Monetary Fund as saying. The Washington-based fund presented a paper at a G-20 meeting in Basel saying the average fiscal stimulus among member countries will be 1.6 % next year, the Telegraph reported. Britain’s fiscal position has left it unable to budget for an increase in expenditure or tax cuts in 2010 to boost the economy, the Telegraph cited the IMF as saying.
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