IMF Couldn't Forecast a Blizzard in The Arctic!

“The IMF said British gross domestic product was set to grow by 0.4% in 2023. In April, it forecast a contraction of 0.3%.” 🥴 https://t.co/dsNf4FQ7RU

— Christopher Snowdon 🇺🇦 (@cjsnowdon) May 23, 2023

 

Tax Investigation Insurance

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IMF Talking Bollocks as usual!

The IMF: UK growth set to be worst in G7 thanks to taxes being too high

Also the IMF: pic.twitter.com/xBAq3zV8e2

— Calgie (@christiancalgie) January 31, 2023

Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

IMF Growth Stats for UK Look Good

NEW: the #IMF's economic outlook shows the UK is forecast to have the slowest growth in the G7 next year.

...followed by the joint second fastest growth in the G7 in 2024, the fastest in both 2025 and 2026, and third behind only the US and Canada in 2027 👍 https://t.co/L9TIjzI2px pic.twitter.com/g0jq5Gdan3

— Julian Jessop 🇬🇧 🇺🇦 (@julianHjessop) April 19, 2022

Caveat the IMF is invariably wrong!

Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

IMF Predicts 7% Growth for UK

Sky reports that Britain's economy will grow faster than any major economy in Europe as it rebounds from the COVID-19 recession and emerges from lockdown, the International Monetary Fund (IMF) has predicted.

In the latest update to its World Economic Outlook, the IMF forecast that the UK economy would grow by 7% this year; the strongest year for economic growth since comparable records began following the Second World War.

The UK growth rate this year is stronger than Germany (3.6%), France (5.8%) and Italy (4.9%).

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

IMF Hypocrisy

The IMF has called for higher taxes to pay for the deficits racked up during the pandemic. Nobody at the IMF pays income tax.

— Andrew Neil (@afneil) April 8, 2021

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Iran Asks IMF For a Loan

BREAKING: Iran asks for loan from the IMF, the first such request since the 1960s.

— The Spectator Index (@spectatorindex) March 12, 2020

I can't see the USA allowing this!

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

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Jim Pickard Nails It!

Osborne won’t stop until he has all the jobs in the world https://t.co/PbwHQPaLb9

— Jim Pickard (@PickardJE) July 4, 2019

Meanwhile In Greece....

Only in Greece: The Chairman and the CEO of Greek non-systemic Attica Bank started a fistfight during a board meeting last week over a controversial €100k loan. Now Bank of Greece considers kicking them both out.
Detail: The Chair is a former Greek rep at IMF.

— Yannis Koutsomitis (@YanniKouts) November 26, 2018

IMF Cuts UK Growth Forecast From 2% To 1.7%

IMF cuts 2017 UK growth forecast to 1.7% from 2%, the biggest downward revision this year of all major economies. pic.twitter.com/48gEFXGwUo

— Jamie McGeever (@ReutersJamie) July 24, 2017

However, it should be borne in mind that IMF forecasts are invariably shite (the fact that they revised the forecast is a clue) as this chart from 2014 shows:

Europe's Moral Obligation To Greece

Greek Finance Minister Euclid Tsakalotos has said that Europe has a moral obligation to grant Greece some form of debt relief, and the International Monetary Fund needs to make up its mind whether it will join the country's bailout.

All very true, maybe. 

However, the fact that Greece has gone through financial hell as a result of its dishonesty/stupidity and the stubbornness of the EU/IMF, I wouldn't bet any money on the IMF or Europe coming round to Mr Tsakalotos's viewpoint any time soon!

Greek Bailout Deal Delayed Again

Unsurprisingly the much vaunted Greek bailout deal is no nearer fruition.

The IMF is dragging its heels. The Fund’s managing director, Christine Lagarde, said that she expects eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece.

Quoted by Keep Talking Greece, she said:

“We will carry on working on this debt relief package.

There is not enough clarity yet but I hope that the European partners will continue to progress in that.

We have two issues, policies which are being voted on now, I hope, by the Greek authorities. Much progress has been made and we certainly hope that the Europeans will be far more specific in terms of debt relief, which is also an imperative.” 

In other words, the Quadriga and Greece are still nowhere near a deal.

No surprises there then!

#Grexit Looms Large Again - Greek Banks Haemorrhaging Cash

Greece’s beleaguered banking system has taken a fresh hit from the country’s shaky bailout talks this year, registering its worst deposit outflows since the height of its debt crisis in the summer of 2015.

The FT reports that the latest figures from the European Central Bank showed households and businesses pulled €1.1bn from the country’s lenders last month, moderating from the €1.7bn withdrawn at the start of the year but marking the worst two-monthly outflow since the country was bought to the brink of a eurozone exit nearly two years ago.

For why?

There is no sign of agreement between Greece and the Quadriga wrt the bailout. Indeed there is no sign of agreement between the IMF and other members of the Quadriga over the terms of the bailout!

IMF and Eurozone Agree Common Stance on Greece

Reuters reports that the IMF and Eurozone have finally come to an agreement as to what they will say to Greece today.

A meeting between the lenders and Greek officials is scheduled for later today, the head of euro zone finance ministers Jeroen Dijsselbloem said in The Hague.

"There is agreement to present a united front to the Greeks," the eurozone official said, adding that the outcome of Friday's meeting with the Greeks was still unclear and it was unclear if Athens would accept the proposals.

I think it fair to say that if the IMF and Eurozone really have come to a common stance, then Greece will not like it!

Greece's Oncoming Explosion

The International Monetary Fund has warned that Greece’s debts are on an “explosive” path, despite years of bailouts and half hearted economic reforms.

This oncoming explosion existentially threatens the eurozone itself.

The solution according to the IMF is debt forgiveness.

However, as noted many times before on this site, neither Germany nor the other members of the Quadriga (sans IMF) have forgiveness in their hearts.

Jeroen Dijsselbloem, the Eurogroup President repeated the mantra saying there would be no Greek debt forgiveness and dismissing the IMF assessment of Greece’s growth prospects as overly pessimistic.

This will not end well!

IMF Unreasonable Demands Upon Greece

Greek govt spox Tzanakopoulos Says IMF Asking Greece for Unreasonable Measures

— zerohedge (@zerohedge) February 7, 2017

Greece - The Crisis That Refuses To Go Away

Despite the media's obsession with Trump, there are other issues in the world.

One such issue being the ongoing Greek financial crisis, which has not gone away and is not likely to be solved.

Those who are optimistic for the chances of a solution should bear in mind that the IMF doesn't think that Greek debt is sustainable and that a write down is required. Germany, however, won't countenance a write down.

In short, there are no signs of a solution.

IMF Revises UK Growth Forecast Upwards To 1.5%

In its latest World Economic Outlook, the IMF said it now expects the UK economy to grow by 1.5% this year, marking a 0.4% upward revision to forecasts made in October.

For why?

"A stronger-than-expected performance during the latter part of 2016"

So much for the post Brexit financial apocalypse predicted by the Remainders!

Greece Moves The Goalposts Again

Moodys says #Greece's renewed tensions with creditors 'signal delays in second programme review, a credit negative'.

— Yannis Koutsomitis (@YanniKouts) December 19, 2016

IMF's Useless Greek Predictions

The forecasts the #IMF has run so far turned out spectacularly wrong, #Greece Econ Min Papadimitriou tells @BloombergTV #economy

— Manos Giakoumis (@ManosGiakoumis) December 13, 2016

Greece Caught Between Rock and a Hard Place

IMF:More debt relief,lower surpluses after 2018. Schäuble:IMF in program,but no relief nor lower surpluses. Enough w/ games against #Greece.

— Dim. Papadimoulis (@papadimoulis) December 8, 2016

Greece should do itself a favour, and leave the Eurozone.