8legs: Oecd annual economic outlook

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New blow for Reeves as Labour’s anti-migration policies blamed for sluggish UK growth

OECD estimates UK growth will slow to about 1.2% next year, down from 1.4% in 2025, signaling a softening economy.
OECD links migration policy and weaker labour supply to slower UK productivity growth.
Inflation in Britain is projected to be the highest among G7 economies this year at about 3.5%.
The OECD warns that fiscal tightening will continue to dampen household spending.
Unemployment is projected to rise to about 5% by 2027 according to the OECD.
The OECD notes that inward migration partially drives labour market dynamics and growth potential.
The OECD suggests growth could be supported by business investment and exports if financial conditions improve.
The OECD’s assessment follows government moves to tighten migration controls and reform benefits.
OECD cautions that inflation and growth dynamics could constrain Reeves's budget choices.

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