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UK Fiscal Stance Unsustainable Without More Tax Rises, OECD Says

  • The organisation for economic co-operation and development predicts that uk interest rates will decline more slowly than previously expected due to the autumn budget's spending plans.
  • The oecd forecasts the uk inflation rate at 2.7% for next year, up from the previous estimate of 2.4%.
  • The oecd states that fiscal policy will tighten from 2024 to 2026, but this tightening will be less than expected.
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