Labour ministers 'leant on IMF' to disguise devastating truth of pre-credit crunch economy

Daily Mail
"The report found that information was withheld from the IMF and the public by the British authorities, Fund officials were intimidated, and regulators at home and abroad failed to spot serious risks in the banking system and the economy.It will make uncomfortable reading for current shadow chancellor Ed Balls, who was a powerful figure at the Treasury at the time.It will also be a blow to Labour leader Ed Miliband, who was an economic advisor to then Chancellor Gordon Brown in 2004 and 2005.The Conservatives claimed it was ‘incredibly telling’ of the way the Treasury operated with Mr Balls and Mr Brown at the helm.The aggressive attitude of Treasury officials meant the IMF was too soft with other regulators in the City of London, according to the report."