The UK is to increase its drawing rights at the IMF to nearly double its current arrangements.Now, I know Douglas Carswell is very angry about the situation but it is worth bearing in mind that this is the maximum amount that we can lend if needs be. Not an amount that we are paying right here, right now.
No, the one thing that is annoying me is the use of a Statutory Instrument to announce the change.
It appears that all the talk of open Parliament and not hiding anything by using Parliamentray tools means as much to this government as it did the last.
When the economy is in such a parlous state, the Chancellor has a responsibility to announce these changes to the House in an open and honest manner, not sneaking out an instrument whereby, unless you know where to look, will escape the attention it merits.
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