IMF Upgrades UK Growth Outlook Ahead of Budget

The International Monetary Fund has raised its growth projections for the UK economy. This revision arrives as the government finalizes its first Budget under Prime Minister Andy Burnham. Despite the improved near-term outlook, the IMF warned that energy prices and interest rates will likely weigh on economic performance by 2027. These factors remain central to the fiscal planning currently underway in Westminster. Market participants are monitoring the upcoming Budget announcement for details on fiscal policy and long-term spending commitments.