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The Independent UK
The Independent UK
David Maddox

Inflation to surge and growth to drop in fresh economic blow to Reeves

OECD Rachel Reeves Inflation Donald Trump G7 United Kingdom United States Economy Bank of England Budget

Rachel Reeves has suffered a fresh blow ahead of her autumn Budget with an international report warning that her high-tax and spend policies will stifle economic growth and cause a surge in inflation.

The Organisation of Economic Co-operation and Development (OECD) said Britain’s “tighter fiscal stance” will see growth ease sharply, from 1.4 per cent this year to 1 per cent in 2026.

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