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The International Monetary Fund has lifted its 2026 UK growth projection to 1.3% and says Britain stands out among major economies on borrowing, but it expects higher energy prices and elevated interest rates to slow the economy in 2027.
The International Monetary Fund has raised its forecast for UK economic growth to 1.3% in 2026, up from 1% in July, but expects higher energy prices and interest rates to slow the pace to 1.2% in 2027.
US President Donald Trump has secured an agreement with Vladimir Putin for Russian diesel to be released to American and global markets, as analysts warn the measures already taken may not be enough to bring fuel costs down before November's midterm elections.
