Business · 2 hours ago
IMF Raises UK Growth Forecast to 1.3%
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The International Monetary Fund has raised its forecast for UK economic growth in 2026 to 1.3%, up from 1.0% in July, but expects growth to slow to 1.2% in 2027 as energy costs and interest rates squeeze households and businesses across the country. It now sees inflation averaging 3.3% this year. Chancellor John Healey said his late-October Budget would aim to give families breathing space.
Reported by BBC News · How we write briefs