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IMF cuts UK growth forecast as Iran crisis drives up inflation and mortgage rates
The International Monetary Fund (IMF) cut its forecast for UK economic growth in 2026 to 0.8%, down from 1.3%.
IMF
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IMF growth forecast could hint at base rate cut in June – brokers
Elliott Benson, owner at Sett Mortgages, said: "A positive endorsement from the IMF? Are they feeling OK?"
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Interest rates to return to low levels once inflation calms, IMF
The IMF's World Economic Outlook says rates are likely to head back to the historic lows if the country gets on top of inflation.
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IMF slams Government over tax cuts
The IMF has slammed the economic measures laid out by the Government warning that the measures will likely fuel the cost-of-living crisis.