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IMF: UK doing well but 'no room for complacency'

The head of the International Monetary Fund - Christine Lagarde - has welcomed the UK's economic progress over the last year but warned of major risks that remain.

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Danny Alexander: IMF report 'extremely good news'

The Chief Secretary to the Treasury says today's IMF report on the British economy is "extremely good news" and a "strong endorsement" of the Government's strategy.

However, Danny Alexander acknowledged that ministers have to "keep a close eye" on the housing market to defuse any risks.

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