Christine Lagarde

Hero or Villain? Robert Peston

Fiscal policy, eh? Phwoar! Triple-A ratings: they get the blood pumping, don't they? And don't even get us started on eurozone rescue-fund implementation...

Nick Clegg tells France to stop attacks

France was told by Nick Clegg today to end "simply unacceptable" attacks on the UK economy amid mounting cross-Channel tensions over the eurozone crisis.

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Christine Lagarde set to become new IMF boss

French Finance Minister Christine Lagarde is poised to become the next leader of the scandal-rocked International Monetary Fund, with a major endorsement from the Obama administration.

IMF backs Osborne's strategy – but warns tax cuts may be needed

The International Monetary Fund yesterday delivered a powerful endorsement of the Chancellor's strategy to reduce government borrowing – but warned that ministers may need to cut taxes and the Bank of England will have to inject more money into he economy if "major risks materialise". This is the nearest that any international body has come to suggesting a "Plan B" may be needed. The level of unemployment in Britain is, the IMF added, "unacceptable", and it also pointed to inflation and the fragility of the banks as "significant risks".