Tory press cheers on £3bn cuts… but ignores anti-austerity IMF report

Today’s right-wing newspapers commit sins both of commission and omission. What they do and don’t say about economics today is very revealing. First, the omission. As Left Foot Forward reported yesterday, along with the Guardian, the Economist and others, the International Monetary Fund has published a report arguing that focus on cutting national debt rather than investment can do more harm than good. It said a bit of debt won’t actually hurt your economy, and will naturally be swallowed up by investment-led growth. Predictably, since this strikes to the root of the Tory government’s rationale for its economic policies over the past five years, (and for the five to come), the paper has been ignored by today’s right-wing print newspapers.

I’m shocked, shocked, I tell you, that most of the press in the UK is so obviously biased. Did the supposedly leftwing BBC mention this? I bet it didn’t.

Source: Tory press cheers on £3bn cuts… but ignores anti-austerity IMF report | Left Foot Forward


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