High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

The UK is forecast to see the highest rate of inflation of the G7 countries this year, while its economy is expected to stall – spelling trouble for the chancellor, Rachel Reeves, who has made growth her “number one mission”.

The forecast, from the highly influential Organisation for Economic Cooperation and Development (OECD), predicts that next year, the UK’s inflation rate will remain behind that of the US but ahead of the rate in other G7 nations, such as Germany and France.