The new IMF boss's comments make awkward reading for George Osborne.
Minute-by-minute coverage of the Chancellor's statement to the Commons.
The UK isn't a "safe haven" and we haven't grown more than the US.
Robert Chote, head of the OBR, suggests that the Chancellor will miss his 1.7 per cent growth target
Lower borrowing costs are a reflection of economic weakness, not strength.
Many forecasters now expect growth to be just 1.3 per cent in 2011, down from the original OBR forec
Tax cuts and further QE will be needed if growth remains weak, says the IMF.
Cutting taxes could cause at least as many problems as it solves for the Chancellor.
The Chancellor hails "positive news" but he's missed his growth target again.