IMF welcomes Brexit talks, UK growth to be 1.5%
Managing Director Christine Lagarde is in London to present the IMF’s annual review of the UK economy at the Treasury.
The fund predicts the UK economy will grow by a steady in not remarkable 1.5% in 2018.
Chancellor Philip Hammond has welcomed the news and fully agrees with the IMF on the urgent need for a Brexit transition deal.
Hammond said: "One of biggest boosts we can provide to our economy is making early progress on delivering certainty and clarity about our future relationship".
The announcement comes in a change of tune from Lagarde who predicted before the referendum that a leave vote would result in a stock market and house price crash. ■