#oecd-forecast

#oecd-forecast

Interest rates in the UK will fall gradually due to the November Budget, which supports short-term economic growth but impacts borrowing costs.

The OECD upgraded the UK's economic growth forecast, indicating a recovery pace faster than several G7 nations despite ongoing inflation challenges.

UK's economic growth forecast downgraded by OECD from 0.7% to 0.4% in 2024 due to high interest rates and inflation effects.

Rishi Sunak has admitted to failing on his promise to cut NHS waiting lists, which is the first time the prime minister has acknowledged being off track on his key targets.

Sunak's pledge to get the UK economy growing again is still uncertain, but he claims that he will stop the boats once deportation flights to Rwanda start running.