UK needs economic strategy as IMF downgrades growth, warns of G7's highest inflation

Poorest households face sustained food price pressures and extended cost-of-living crisis with limited relief expected.

Britain finds itself at an uncomfortable crossroads as the IMF simultaneously downgrades its growth outlook and crowns it the G7's inflation leader — a pairing that prolongs the cost-of-living burden for millions and constrains the Bank of England's ability to ease. The global economy has absorbed the shock of American tariffs better than feared, yet the UK bears a compounded wound: the universal drag of slowing trade and the self-inflicted weight of Brexit. A government preparing tax rises in its Budget now faces not merely an economic reckoning, but a deeper political one — the absence of an

UK needs economic strategy as IMF downgrades growth, warns of G7's highest inflation

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