There are some downsides to the IMF upgrading the UK growth forecast for the year. Think of the Balls household for a start with poor Ed hiding under the bed and waiting for tomorrow. Although it also highlights how effectively the Labour party have been at pretending they are not interested in this. This whole crisis of living meme is a very good on account of it being perfectly true. Quite how it is the Tories fault I am not sure, but the Country is so much poorer and money goes not very far at all these days; so its great politics. As long as Labour can try and get the public to forget about how we got here in the first place.
Also this illustrates a huge downside of the Coalition, they thought they needed as long as possible to turn the Country around. But here we are with growth just a little later than expected. In fact, it is quite possible there will be another downturn of sorts before the election. if only they had a choice about when the election was we could be looking at one in May next year, with promises of growth to come. Instead, it will be 'come what may' in, er, May 2015. Abdicating control of the timing of elections was a very odd thing for the Government to do, especially given the bias against current Government in the electoral system.