UK Morning Brief: Economy Resilient, Tax-Free Shopping Pledge, and Burnham's Trump Date

The UK economy is forecast to grow 1.3% in 2026, according to KPMG's latest outlook, but households face a squeeze as rising energy bills and higher borrowing costs weigh on second-half activity. The Ofgem price cap is expected to rise by roughly 4% in October, while the Bank of England is predicted to hike rates to 4% in November to combat inflation. Chancellor John Healey's fiscal headroom has shrunk by about £9bn since the Spring Forecast, leaving limited room for Autumn...