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OECD Cuts UK’s 2027 Growth Forecast as Debt and Inflation Keep Rising
The OECD has cut its UK growth forecast for 2027 to 1.1%, down from the 1.3% it expected in March, a detail Rachel Reeves conveniently skipped over today as she welcomed slightly higher growth this year and inflation a smidge lower than previously forecast. As if the country woke up this morning grateful for her heroism… The 2026 figure is still anaemic at best. At 0.9%, it beats the 0.7% the OECD predicted in spring, but it marks a slowdown from 1.4% last year and leaves Britain near the bottom of the G7. [...]