You may have liked lower inflation and interest rates — Rachel Reeves has other plans | Daily Express

Reem Ibrahim writes for the Daily Express

Higher taxes, fewer job opportunities, and a higher cost of living: the consequences of the Government’s October Budget have been widely documented, with business confidence plummeting to the lowest level since the pandemic.

Now, there are concerns that the Budget will also slow down the rate at which interest rates will fall, impacting millions of mortgage holders across the country.

This is a view that is held by the Organisation for Economic Cooperation and Development (OECD). They have said that interest rates will fall by less than expected over the next two years, directly as a result of the Autumn Budget’s spending and borrowing plans.

Read the full article in the Daily Express here