summary of the key points. Economic Growth: The UK’s economy grew by 0.1% last year and is projected to grow by 0.4% this year, which is a downgrade from the previously predicted 0.7%. OECD Projections: The OECD has downgraded the UK’s growth forecasts for 2024 and 2025, predicting it will have the weakest growth across the G7 nations next year. Inflation and Interest Rates: Efforts to bring down inflation have led to interest rate rises, with the Bank of England’s Monetary Policy Committee planning to cut rates from a 15-year high of 5.25% to 3.75% by the end of 2025. Labor Market: The unemployment rate has risen to 4.2% and is expected to reach 4.7% in 2025 as the labor market cools