George Osborne backs Christine Lagarde for second term at IMF

Chancellor says former French finance minister is an outstanding leader who has the vision 'to help steer the global economy through the years ahead'

George Osborne has backed Christine Lagarde's attempt for a second term as managing director of the International Monetary Fund.

The chancellor nominated the former French finance minister for another four years as head of the Washington-based organisation, saying she was an outstanding leader who had the vision "to help steer the global economy through the years ahead".