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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.
National Savings & Investments has increased rates on its British savings bonds to between 4.99% and 5.17%, the first time in nearly three years they exceed 5%. However, analysts caution that competitive deals often disappear quickly once providers attract sufficient deposits.
