15:27

Kristalina Georgieva has also warned that the difference between a Brexit deal and no deal was “quite dramatic”.

The IMF has estimated that leaving without a deal would cost the U.K. between 3.5% and 5% of GDP, and knock 0.5% off EU GDP as well.

The Fund’s new managing director says:



“That’s quite significant.”

No wonder she ‘jumped’ with excitement when Johnson and Juncker announced they’d reached a deal earlier today.

Georgieva also told reporters in Washington that there would still be implications from leaving with a deal but they would be “significantly more modest” -- knocking around 2% off GDP.

She added: