Osborne hit by IMF double whammy over growth and austerity

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George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.

The IMF, which cut the UK's growth outlook for 2013 to just 0.7%, down from 1%, said Osborne should reconsider his austerity plan because of a lack of demand. The report issued a specific note c...

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