CBI downgrades forecast for UK economy after Budget Economics The UK economy is set for slower than expected and “unimpressive” growth in 2025 thanks partly to punitive measures introduced in October’s Budget, a leading business group has predicted. The Confederation of British Industry (CBI) now expects Britain’s economy to grow by just 1.5 per cent next year, it said in its latest economic forecast, [...]
Will Keir Starmer meet his pledge to improve living standards? Economics Before the General Election Labour was proudly proclaiming its commitment to generating economic growth. The first ‘mission’ in the party’s manifesto was to secure the highest sustained growth rate in the G7. After Keir Starmer’s speech earlier today, that mission has been downgraded to an ‘aim’. The new pledge, heavily trailed before the speech, is [...]
UK economy receives hefty growth upgrade from IMF Economics The international fiscal watchdog now expects the UK to grow 1.1 per cent in 2024, up from a previous forecast of 0.7 per cent.