As Liz Truss faces open revolt in her own party over her tax cut plans, her Chancellor Kwasi Kwarteng will today try and reassure the IMF that everything is under control.
Ministers continue to be under pressure for the market chaos that erupted after the government announced its £45bn package of unfunded tax cuts last month.
The prime minister and her chancellor say the cuts are needed to get Britain’s economy growing again, as data published on Wednesday suggested we are heading for recession.
Mr Kwarteng will meet with IMF leaders in Washington DC on Thursday, after the institution’s chief economist said tax cuts threatened to cause “problems” for the UK economy.
The IMF has said Britain’s priority should be tackling inflation rather than adding to the price problem through tax giveaways to achieve economic growth.
The chancellor was seen touring the IMF’s offices and being shown artwork on Wednesday ahead of talks today.
Back at home, Ms Truss is facing growing calls…
