EMBARGOED TO 14:00 FRIDAY 17 JANUARY - Chancellor response to the IMF's World Economic Outlook January 2025 Update

Rachel Reeves, Chancellor of the Exchequer said: 

“The UK is forecast to be the fastest growing major European economy over the next two years and the only G7 economy, apart from the US, to have its growth forecast upgraded for this year. I will go further and faster in my mission for growth through intelligent investment and relentless reform, and deliver on our promise to improve living standards in every part of the UK through the Plan for Change.”