UK interest rates higher for longer due to Budget, says OECD

UK interest rates will fall more slowly than expected over the next two years in the wake of the latest Budget, according to an influential think tank's forecasts.Although Budget measures would boost the economy in the short-term, changes to tax and spending would mean the cost of borrowing would fall more slowly, said the Organisation for Economic Co-operation and Development (OECD).The measures are also likely…