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City of London

Kwarteng Heads to IMF With Alarm Bells Recalling 1976 Bailout

  • UK finance minister’s budget package rattled markets worldwide
  • IMF and US officials have criticized break from predictability
Kwasi Kwarteng

Kwasi Kwarteng

Photographer: Hollie Adams/Bloomberg

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Britain’s finance minister Kwasi Kwarteng travels to Washington next week for the International Monetary Fund’s annual meetings with relations in as parlous a state as they have been since the UK begged for a bail out in 1976.