Category: 70bn
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UK growth forecast upgraded after Reeves’s £70bn spending boost
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The OECD has significantly updated its UK growth forecasts, giving credit to Rachel Reeves’ £70bn-a-year public spending package. The UK economy is now expected to grow by 0.9% in 2024 and 1.7% in 2025, up from May forecasts of 0.4% and 1.0%. But the Paris-based organization warned that this growth…