From BBC News · · 1m 10s
UK Growth Forecast Upgraded
IMF says UK economy grows 1.3% in 2026 before energy prices slow it next year.
In brief
IMF says UK economy grows 1.3% in 2026 before energy prices slow it next year. The IMF forecasts UK economic growth at 1.3% for 2026, up from 1%, before slowing to 1.2% in 2027 due to higher energy prices and interest rates. Originally reported by BBC News.
UK Growth Forecast
The IMF forecasts UK economic growth at 1.3% for 2026, up from 1% in July.
2027 Economic Slowdown
Higher energy prices and interest rates are expected to slow uk growth to 1.2% in 2027.
IMF's Global Resilience
The IMF says economies are proving resilient to the us-iran war's energy price shock.
Chancellor's Budget Plans
Chancellor John Healey will announce tax and spending plans on 28 october 2026.
Debt Management
The UK is on track to stabilize national debt and have the lowest g7 borrowing in 2031.
IMF Chief's View
IMF chief Silvana Tenreyro says the UK is leading g7 debt management efforts.
Inflation Forecast
UK inflation is expected to average 3.3% this year and 2.8% next year.
The essence
The IMF forecasts UK economic growth at 1.3% for 2026, up from 1%, before slowing to 1.2% in 2027 due to higher energy prices and interest rates.
