UK Set For Faster Growth in 2026, Slower Inflation, OECD Forecasts
Britain's economy will grow more faster than previously expected next year, the OECD said on Tuesday, citing the impact of finance minister Rachel Reeves' budget on consumption and drag from global uncertainty that could keep pressure on inflation.
The Paris-based organisation raised its 2026 forecast for British economic growth to 1.2% from 1% in its previous forecast in September. It sees gross domestic product expanding 1.3% in 2027.
"Continuing to ensure that consolidation is carefully timed, given substantial downside risks to growth and upside risks to inflation, and well-calibrated, with a combination of revenue raising...
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