George Osborne: IMF will support our long-term plan

George Osborne says the International Monetary Fund will today show support for the Government's "long-term economic plan".

The Chancellor said he would "wait and see" what IMF chief Christine Lagarde would say about the British housing market when she speaks at the Treasury later.

But he argued he had created the right mechanisms to defuse the kid of risks in the housing market that have caused problems in the past.