Tories urged to call in IMF for audit of UK’s debts if they win election

The Conservatives have been urged to consider the "nuclear option" of calling in the International Monetary Fund to examine the full extent of Britain's debts if they win the election.

The Tories should invite the IMF to provide blunt advice about how to cut the scale of the budget deficit, leaving the party able, if necessary, to row back on unaffordable promises to safeguard spending and cut taxes, according to senior bankers and economists. more...