3 result(s) for “UK Economy”
Chancellor John Healey has not ruled out raising the bank profits surcharge in his first Autumn Budget on October 28, a move that has weighed on UK bank shares and drawn caution from the IMF. The proposal would be intended to raise revenue to close the fiscal gap created by higher borrowing costs and energy shocks.
The International Monetary Fund raised its 2026 growth forecast for the United Kingdom to 1.3 percent, offering a near-term boost to the Treasury ahead of the October budget, but the Fund cautioned that higher energy costs and rising long term interest rates are likely to slow growth in 2027.
The Office for National Statistics revised second quarter GDP up to 0.5 percent on September 30, 2026, citing stronger business investment and rising real household disposable income. The upgrade narrows the current account deficit and positions the UK as the fastest growing G7 economy in the first half of 2026.