The UK economy has received the biggest annual growth upgrade in the G7 this year from a leading international forecaster in a boost to the government’s attempts to kickstart the economy.
In its latest outlook on the world economy, the Organisation for Economic Cooperation and Development said the UK economy was on course to expand by 1.1 per cent this year, an upgrade of 0.7 percentage points from its last forecast in May.
The revision is the largest for any economy in the G7 this year, with the OECD also expecting UK growth to come in 0.2 percentage points higher next year at 1.2 per cent.
The Paris-based organisation, which is made up of the world’s most advanced economies, said the UK was among a