Starmer: We must lower the temperature on Supreme Court ruling debateRachel Reeves is preparing for crucial talks with her US counterpart as she pushes to secure a trade deal amid economic uncertainty.Official figures published on Wednesday showed the government borrowed more than expected for the latest financial year, the third-highest level of borrowing since 1947. Activity across the UK’s private sector has also plunged to a more than two-year low as Donald Trump’s trade tariffs hammered exporters and caused a collapse in confidence.The chancellor will have her first face-to-face meeting with US Treasury secretary Scott Bessent as she spends three days in Washington DC for the International Monetary Fund (IMF)’s spring meetings.Her trip comes after the IMF slashed the UK’s economic growth forecast, warning that the fallout from Mr Trump’s trade war will hit Britain harder than the rest of Europe.Mr Trump implemented 10 per cent levies on all UK goods as he announced sweeping tariffs on imports from the rest of the world earlier this month.While ministers have said talks on a deal remain ongoing, figures in the Trump administration have cast doubt on their prospect of success.Comment | ‘Security’ is a sound enough slogan – but can Labour deliver it?Read the full Voices article from Andrew Grice:Jabed Ahmed23 April 2025 15:29US Treasury’s Bessent calls on IMF and World Bank to refocus on core missionsUS Treasury Secretary Scott Bessent has called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that they have strayed too far into vanity projects such as climate change that have reduced their effectiveness.Me Bessent, in remarks outlining his vision for US engagement with the IMF and World Bank on the sidelines of the institutions’ spring meetings, said that they serve critical roles in the international financial system.”And the Trump administration is eager to work with them – so long as they can stay true to their missions,” Mr Bessent said.”The IMF and World Bank have enduring value. But mission creep has knocked these institutions off course. We must enact key reforms to ensure the Bretton Woods institutions are serving their stakeholders – not the other way around,” he said, calling on U.S. allies to join the effort. “America First does not mean America alone.”( More