British finance minister Rachel Reeves is expected to announce a significant reduction in the UK's economic growth forecast for 2025, with projections dropping from 2% to approximately 1%. The fiscal buffer has also shifted from a £9.9 billion surplus to a £4 billion deficit.
CROFAM SOCIAL NETWORK
The Organisation for Economic Co-operation and Development has reduced its 2025 and 2026 growth forecasts for the UK, citing global uncertainties and trade policy changes. This poses challenges for the upcoming budget update by Chancellor Rachel Reeves.
