Rachel Reeves is being stingy with the US and not sensing opportunity - disaster looms - Sir John Redwood

Rachel Reeves is being stingy with the US and not sensing opportunity - disaster looms - Sir John Redwood

The IMF took their growth forecast down to 1.1 per cent for 2025 whilst raising their inflation forecast to 3.1 per cent for this year. They blamed the government's increases in managed energy prices, water prices and the movement up in the longer-term interest rate. This followed from the budget, which worried markets with too much borrowing.On cue, the borrowing figures for the year ended March 2025 came in £15bn above the recent OBR forecast.…