IMF Forecasts UK Economic Resurgence Amidst Political Scrutiny
The IMF predicts significant growth for the UK economy, the fastest among major European economies, providing a boost to Finance Minister Rachel Reeves. Despite criticism over earlier stagnation and tax policies, the revised growth forecast stems from increased public investment and Bank of England's potential rate cuts.

The UK is expected to lead European economic growth this year, according to a recent IMF report. The update is a significant support for Finance Minister Rachel Reeves, who faces scrutiny following economic slowdowns since her party's rise to power in July.
The IMF's optimism includes a revised growth forecast of 1.6% for 2025, placing the UK as the third-strongest economy in the G7. This positive outlook follows Reeves' budget announcement on Oct. 30, emphasizing public investment over tax-induced headwinds.
The UK economy's resurgence, despite a challenging year and political pressure, bodes well for future fiscal policies and rate adjustments by the Bank of England. Reeves remains determined to push economic growth further, setting a robust foundation for the country's financial health.
(With inputs from agencies.)