Britain's Office for Budget Responsibility warns that a one percent change in interest rates could shift government debt costs by £16bn, with high energy prices threatening to push inflation to 3.75% in early 2027. If energy prices remain high, inflation will worsen, GDP growth will slow, and financial conditions will tighten.

Britain's Office for Budget Responsibility warns that a one percent change in interest rates could shift government debt costs by £16bn, with high energy prices threatening to push inflation to 3.75% in early 2027. If energy prices remain high, inflation will worsen, GDP growth will slow, and financial conditions will tighten.