Yesterday the OECD issued a statement endorsing the UK’s comprehensive spending review.
OECD Secretary General Angel Gurría said:
Budgetary consolidation is never easy but the timing and scope of the measures balance concerns for near-term growth with the need to stop the snowballing of debt and to preserve credibility. The measures are tough, necessary and courageous. Acting decisively now is the best way to secure better public finances and bolster future growth.
Sounds good to me.