OECD Downgrades UK Growth Projection in Blow to Reeves – Guido Fawkes

OECD Downgrades UK Growth Projection in Blow to Reeves

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The OECD has just published its latest interim economic outlook report into G20 finances. Bad news for Reeves…

Some meaningful reductions in growth projections for the UK are penned in. In 2025 only 1.4% growth is expected, a 0.3% reduction on December’s projection. 2026’s growth is also forecast to be lower at 1.2%, a 0.1% reduction. Just when the Chancellor needed a boost…

Core inflation is also predicted to be higher by 0.1% in 2025 than previously forecast. The Bank of England rate-setters will be watching ahead of Thursday’s new announcement…