The OECD says that Britain's economy will grow by just 0.4% this year and be the slowest in the G7 next year
The Chancellor said in response: “This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates. He also believes that the OECD forecasts do not take into account the long-term effects of growth-driving measures such as the expansion of artificial intelligence.Tory MPs are pushing the Chancellor and Bank of England to do more to improve economic growth. Sir Jacob Rees-Mogg toldAsked if a further hold on interest rates could damage the Tories’ chances electorally, he said: “It is probably a longer term effect rather than an immediate one and a sense of the competence of the government.