UK interest rates to fall more slowly than expected after Budget – OECD

Interest rates will fall less than previously predicted, the OECD has said (Gareth Fuller/PA) - (PA Wire)

UK interest rates will fall by less than expected over the next two years after the autumn Budget’s significant spending and borrowing plans, according to an influential report.

In its annual economic survey, the Organisation for Economic Co-operation and Development (OECD) said UK inflation will also surpass previous forecasts next year, and upgraded growth projections for the economy, because of a budget boost.