UK Chancellor Rachel Reeves has sounded a warning about the risks posed by fiscal rules amid a downgrade to the country’s economic forecast. The Organisation for Economic Co-operation and Development (OECD) has cut its growth prediction for the UK, citing rising trade uncertainty, high interest rates, and falling confidence. The OECD’s move is seen as a reflection of the challenges facing the British economy, including the impact of Brexit-related trade tensions and the ongoing cost-of-living crisis.
Source: https://www.thetimes.com/business-money/economics/article/oecd-warns-rachel-reeves-over-risk-to-fiscal-rules-amid-growth-fears-sk3m7llh8