Pre-Budget Report

My Lords, I find myself defeated by a man who honed his skills in the other place. I heard him say that the IMF had used the term ““reckless””. He is now choosing to say that it is, actually, his own term. Let me also help him. As he studies the IMF’s pronouncements on the UK economy last year—to which he referred—I shall quote its comments on the UK economy. It said that the UK had, "““strong policies and policy frameworks, which provide a strong foundation to weather global shocks””."