Sir Keir Starmer defends his stance
The Prime Minister recently responded to accusations of spreading negativity about the country's future, emphasizing the need for an accurate assessment of the current situation. Sir Keir Starmer refuted claims of talking the nation down, highlighting a £22 billion financial gap that needs attention.
Positive outlook on UK's GDP growth
During a speech in New York, the Prime Minister addressed the importance of making tough decisions to stimulate economic growth and improve living standards for all. The Organisation for Economic Co-operation and Development (OECD) revised its forecast for Britain's GDP growth, predicting a significant increase to 1.1% in 2024 and 1.2% in 2025, up from its previous projection of 0.4%.
Call for restructuring fiscal rules
OECD chief economist Alvaro Pereira suggested re-evaluating short-term fiscal policies to allow for greater investment in driving growth. Chancellor Rachel Reeves welcomed the improved forecast but emphasized the ongoing need for further actions to enhance productivity and infrastructure.
