Shadow Chancellor George Osborne said: "Now we're finding out what happens when a Labour Government loses control of the public finances. You end up spending more on the interest on your debts than on public services like transport. It's very unusual for the IMF to single a country out in this way, but it just shows the massive scale of Britain's debt crisis." The Fund said that although the UK's debt servicing costs should not surpass levels seen in the 1980s, they are extremely sensitive to a sudden jump in interest rates. Full Article at The Telegraph