The Latest Breaking News from International Monetary Fund

Chancellor Reeves fails to accept responsibility for economic woes as she blames impact of Brexit, austerity policies and ex-PM Liz Truss's mini-budget

PM says he intends to publish statements in full and blames previous government for failure of the case

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

The IMF projects the global economy will grow by 3.2% this year and 3.1% in 2026.

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

Government bond markets also under increasing pressure, says Global Financial Stability Report