BRITAIN’S economy will witness “stuttering growth” over the next two years amid pressure from higher interest rates and increased unemployment, according to a think tank.

The National Institute of Economic and Social Research said that while Britain will avoid a recession this year, there is a 60 per cent risk at the end of 2024.

It said higher interest rates, which it expects will peak at 5.5 per cent, will particularly weigh on growth prospects.