💨 Abstract

The International Monetary Fund (IMF) warns that Donald Trump's tariffs could cost Britain £8.5 billion, reducing GDP by 0.3% by 2026. Despite this, the IMF upgraded its growth forecasts, predicting 1.2% growth in 2025 and 1.4% in 2026. The watchdog praised Chancellor Rachel Reeves' plans, noting potential risks from market turmoil and global shocks.

Courtesy: Martina Bet