The International Monetary Fund has cut its 2026 UK growth forecast from 1.4% to 1.3%. Bad news ahead of the Winter Budget…
Although the IMF slightly boosted its growth forecast for 2025 from 1.2% to 1.3%, UK inflation is set to surge to the highest in the G7 in 2025 and 2026. The IMF now predicts inflation will surge by 0.2% to 3.4% in 2025, and 2.5% in 2026 – above previous predictions. Shadow Chancellor Mel Stride said:
“Since taking office, Labour have allowed the cost of living to rise, debt to balloon, and business confidence to collapse to record lows. Taxes are rising to record highs and families are being squeezed from all sides.”
Not the record Reeves was going for…
