Osborne Rejects IMF Call to Revise Plan If U.K. Growth Falters
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Chancellor of the Exchequer George Osborne rejected a call by the International Monetary Fund to revise his spending cuts if the U.K. economy slides into recession.
Osborne, 39, said sticking to plans to eliminate most of the record budget deficit within four years would be the best defense against a global slump. He didn’t comment on a proposal by the Washington-based lender for Britain to cut taxes to stimulate demand.