UK GDP growth forecast halved as Reeves blames global instability

NAMPA / DPA

2025-03-26

London (PA Media/dpa) - British Finance Minister Rachel Reeves blamed "increased global uncertainty" as the budget watchdog slashed its forecast for UK economic growth. The Office for Budget Responsibility (OBR) halved its forecast for growth in gross domestic product in 2025 from 2% to just 1%. The watchdog's assessment also indicated the Reeves would have missed her goal of balancing the nation's books without action. Responding to the growth f......

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