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Treasury’s new Head of Growth will have their work cut out

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24.09.2026

Thursday 24 September 2026 5:25 am  |  Updated:  Thursday 24 September 2026 6:20 am

Treasury’s new Head of Growth will have their work cut out

By: Christian May

Editor in Chief

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Chancellor John Healey needs all the help he can get

Do you want the good news or the bad news? Trick question, I’m afraid. There is no good news. The Organisation for Economic Co-operation and Development (OECD) has revised its forecast for UK economic growth this year from 0.9 per cent to 1.1 per cent, but – before you reach for the champagne – they’ve also downgraded their forecast for 2027 from 1.1 per cent to just one per cent.

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