A new forecast from the OECD predicts that UK interest rates will decline more slowly than anticipated due to the recent Budget. While the Budget’s measures aim to stimulate short-term economic growth, they are also expected to lead to higher inflation and prolonged borrowing costs. Chancellor Rachel Reeves expressed optimism about the UK’s growth potential, stating it could become the fastest-growing economy in the G7. However, concerns around the National Insurance rate increase linger, with critics arguing it may hinder job creation.