AT a time of turmoil in the world's economy, it is good to see that the International Monetary Fund has backed Gordon Brown's economic policies. In its annual health check on the economy, the IMF praised the Chancellor's"skilful management", which had helped the UK to control inflation and sustain growth.
The IMF praised Labour's policies as an example for other countries to follow. They praised moves to improve transparency, accountability and credibility in economic policy, through independence for the Bank of England and Labour's strict public finance rules. The report stated "the soundness of past policies has left fiscal and especially monetary policies well placed to deal promptly and decisively with developments."
The IMF report is an endorsement of Labour's economic policies over Tory boom and bust. As a result, Labour is taking action to secure economic stability to help families with children encourage enterprise and make work pay.
Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article