Reeves tax rises to hit UK growth, warns OECD as Cabinet meets after Budget bust-up

Reeves tax rises to hit UK growth, warns OECD as Cabinet meets after Budget bust-up

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

OECD: Labour is pushing UK inflation to second highest in G7

The UK is set to suffer the second highest level of inflation in the G7 over the next year as a result of the Labour government’s decisions to pile extra costs on businesses, the Organisation for Economic Co-operation and Development (OECD) has said as it also warned recent tax hikes will hit growth. In its latest economic outlook on different economies, the OECD said higher employment taxes for firms and a rise in the national living wage has “…