The IMF has suggested that George Osborne should relax his austerity plans in the light of Britain's poor growth. As the Press Association reports, the IMF cut its growth forecasts for the UK in a report issued at lunchtime. It cut this year's forecast growth from 1% to 0.7% and 2014's projection from 1.9% to 1.5% as it noted the recovery was "progressing slowly".
