London, March 26, 2025 (AFP) - UK slashes growth forecast, cuts public spending

NAMPA / AFP
2025-03-26
The UK government halved its 2025 growth forecast on Wednesday as it made billions of pounds of spendings cuts to shore up the public purse in the face of economic headwinds. The Spring Statement spending update came as the Labour government, elected in July after a landslide election win, faces sluggish economic growth and rising borrowing costs. Britain's economy is expected to grow by just one percent this year, revised down from an estimate......
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WINDHOEK, 27 March 2025 - Minister of Finance, Ericah Shafudah speaks during the tabling of the 2025/26 national budget in Parliament on Thursday. (Photo: Contributed) NAMPA

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WINDHOEK, 27 March 2025 - Minister of Finance, Ericah Shafudah speaks during the tabling of the 2025/26 national budget in Parliament on Thursday. (Photo: Contributed) NAMPA

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WINDHOEK, 27 March 2025 - Minister of Finance, Ericah Shafudah speaks during the tabling of the 2025/26 national budget in Parliament on Thursday. (Photo: Contributed) NAMPA

WINDHOEK, 27 March 2025 - Minister of Finance, Ericah Shafudah speaks during the tabling of the 2025/26 national budget in Parliament on Thursday. (Photo: Contributed) NAMPA

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