"Labour's anti-migration policies are contributing to the UK's sluggish economic growth, the world's foremost economic forecaster has warned, in a fresh blow for chancellor Rachel Reeves. The stark warning from the Organisation for Economic Co-operation and Development (OECD) said that a slowing in productivity, partly due to a drop in the number of workers coming to the UK, meant momentum is softening in the economy."
"It comes as the OECD said inflation in Britain will be the highest of all the G7 advanced economies this year, at 3.5 per cent, and the second highest next year, behind only the United States. In its annual economic outlook report, it said growth would slow to just 1.2 per cent next year, down from 1.4 per cent in 2025, and would only increase by 0.1 per cent to 1.3 per cent in 2027."
Labour's anti-migration policies have reduced the inflow of workers, contributing to slower productivity and weakening economic momentum. The OECD projects UK growth will slow to 1.2% next year, down from 1.4% in 2025, and edge up to 1.3% in 2027. Inflation in Britain is forecast to be the highest among G7 economies this year at 3.5%, and the second highest next year behind the United States. Unemployment is expected to reach 5% by 2027, and inflation is projected at 2.5% next year, easing to 2.1% by 2027.
Read at www.independent.co.uk
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