The OECD has changed its tune on Britain
From our UK edition
Is the OECD doing Labour’s PR for it? I ask only because of its bullish prediction for UK economic growth in its latest economic outlook, published this morning, and the contrast with what it has been saying about Britain over the past few years. An economy that was supposed to be hammered by Brexit has suddenly been transformed into one of which Rachel Reeves is able to say: ‘The OECD upgrade will mean the UK is the fastest growing European economy in the G7 over the next few years.’ The OECD has pencilled in growth of 0.9 per cent in 2024, followed by 1.7 per cent in 2025 and 1.3 per cent in 2026. The corresponding figures for Germany are zero, 0.7 per cent and 1.2 per cent, and for France 1.1 per cent, 0.9 per cent and 1.0 per cent.