The International Monetary Fund (IMF) has slashed the UK’s economic growth forecast in a fresh blow to Rachel Reeves, upping the ante as the chancellor prepares to hold talks in Washington DC this week.
Ms Reeves is expected to have her first face-to-face meeting with her US counterpart, treasury secretary Scott Bessent, as she pursues a new economic agreement the UK hopes can offset some of the cost of Donald Trump’s trade tariffs.
