Brokerages J.P.Morgan and Goldman Sachs on Wednesday raised their forecast for UK's economic growth in 2024, a day after British Finance Minister Jeremy Hunt announced a cut in the National Insurance rate.

J.P.Morgan raised its growth forecast to 0.4% from 0.2% expected earlier, while Goldman Sachs changed its forecast to 0.7% from 0.6% earlier.

(Reporting by Priyadarshini Basu; Editing by Eileen Soreng and Mrigank Dhaniwala)