The International Monetary Fund doesn’t seem to rate us very highly. A couple of years ago they warned that George Osborne’s (remember him?) economic policy was going to drive us into recession. They were proven to be completely wrong.

This month they said our post- BREXIT problems could infect the global economy so they downgraded their global growth estimates. Whereas the Federal Bank of America  just two days ago said ” Near-term risks to the economic outlook have diminished” and experts are predicting a rate rise, not a cut as a sign of their confidence. I know who’s judgement I most value.

Chris Ingram 02/08/2016