# UK warned over ballooning debt costs and slower growth ahead of Budget

> The downgrade to the UK's economic growth outlook is moderate, according to the OECD, which predicted it will grow by 1% in 2027, against an earlier forecast of 1.1%.

- Published: 2026-09-23T08:15:02.447Z
- Updated: 2026-09-24T07:00:59.488Z
- 3 sources
- Topics: Economy, business and finance, Politics
- Involves: American oil industry, Andrew Griffith, Andy Burnham, Emma Reynolds, International Monetary Fund (IMF), Kristalina Georgieva, Michael O'Leary, OECD, Organisation for Economic Co-operation and Development, Organisation for Economic Co-operation and Development (OECD), Organisation of Economic Co-operation and Development (OECD), Ruth Gregory

## How it developed

- 2026-09-23T08:15:02.447Z - BBC News: [UK warned over ballooning debt costs and slower growth ahead of Budget](https://www.bbc.co.uk/news/articles/c607ly09y7rlo)
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