Osborne braced ahead of IMF UK economy healthcheck

George Osborne is braced for the International Monetary Fund's (IMF) verdict on Britain's economic prospects.In its annual healthcheck on UK plc, the IMF is expected to suggest that deficit reduction should be slowed amid weak growth.

The IMF was previously among the strongest backers of the Chancellor's economic strategy, but has gradually changed its tone in response to dwindling growth forecasts.

The IMF looking over Osborne's shoulder: The Chancellor with Christine Legarde. Credit: Stefan Rousseau/PA Wire

The organisation's head, Christine Lagarde, has insisted she still supports the Government's policy. But she added that "should growth be particularly low... there should be consideration to adjusting by way of slowing the pace".