The International Monetary Fund has upgraded the UK’s growth forecast for this year from 1 to 1.3 per cent. It also said Britain is projected to have the lowest annual borrowing of all the G7 countries.
But it slightly downgraded its growth forecast for next year, warning that UK households will continue to struggle with price rises.
And as our Economics Editor Helia Ebrahimi reports, that is the part many people will dwell on.