London, March 26, 2025 (AFP) - UK halves 2025 growth forecast in spending update

NAMPA / AFP

2025-03-26

Britain's economy is forecast to grow by only half as much as expected this year, finance minister Rachel Reeves announced Wednesday as she updated the government's spending plans to parliament. Gross domestic product is set to be one percent this year, down on a GDP estimate of two percent made in late October, Reeves said as she pointed to the impact of "increased global uncertainty" on the economy. bcp/ajb/lth ...

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WINDHOEK, 27 March 2025 - President of the Popular Democratic Movement, McHenry Venaani speaking after the tabling of the 2025/26 National Budget on Thursday. (Photo: Justina Shuumbwa) NAMPA

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