Things not good for Starmer
Sky News was interrupted by a breaking news announcement - and it's not an update that Prime Minister Keir Starmer will welcome. Presenter Jayne Secker was joined by Economics and Data Editor Ed Conway, who revealed that the International Monetary Fund (IMF) forecasts UK inflation will soar to the highest level among G7 nations in 2025 and 2026, largely driven by rising energy and utility costs. Inflation is forecast to average 3.4% this year and 2.5% in 2026,
Conway recognised that the UK is projected to be the second-fastest growing economy among the world's most advanced nations this year and next. "That looks pretty good and I suspect we're going to hear Rachel Reeves talk about that," he said. "What she might not like to talk about quite so much are two other things.
 |
| Your WORK so bad |
Continue
reading
Read more: Labour minister's stilted response to huge unemployment rise live on Sky News
"We have this incredibly high level of migration at the moment, so when you divide it between the number of the people in the country, actually, our 2026 growth is the weakest in the G7.
"When you look at inflation, we have the strongest or highest inflation in the G7 in the next couple of years and I think those are two things that she and the Bank of England governor will be called on to try and explain."
No comments:
Post a Comment