OECD: UK growth facing headwinds from tax hikes and spending cuts

NAMPA / DPA

2025-12-02

London (PA Media/dpa) - Tax hikes and spending cuts will put pressure on the UK economy over the next two years - and inflation will remain among the highest in the among the G7 economies, according to a new report. The Organisation of Economic Co-operation and Development (OECD) said the UK government's ongoing fiscal consolidation - meaning higher taxes and reduced government spending - will act as a "headwind" to the UK economy, with "past tax......

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