The Organisation for Economic Co-operation and Development (OECD) predicts that UK interest rates will decline more slowly than anticipated due to October’s Budget measures, which aim to stimulate short-term economic growth but may lead to higher inflation. Chancellor Rachel Reeves expressed optimism about the UK’s economic growth prospects, highlighting an expected 0.9% growth for this year and 1.7% next year. Concerns from businesses regarding rising National Insurance rates could impact hiring and cost management strategies.