Reeves receives rare boost as IMF upgrades UK growth forecasts Rachel Reeves received a rare boost at the end of a turbulent fortnight today when the IMF upgraded its forecast for growth in the UK this year.
In response, Chancellor Rachel Reeves said: “The UK is forecast to be the fastest growing major European economy over the next two years and the only G7 economy, apart from the US, to have its growth forecast upgraded for this year.
However, the latest IMF figures showed that the UK economy saw weaker growth last year than the organisation had forecast.
“I will go further and faster in my mission for growth through intelligent investment and relentless reform, and deliver on our promise to improve living standards in every part of the UK through the plan for change.”.
The growth reading was also predicted before the Office for National Statistics revealed on Thursday that UK GDP grew by a weaker-than-expected 0.1% in November.
