OBR forecasts inflation to fall below 2% within months, with economy growth predicted at 0.8% this year and 1.9% in 2025.
Inflation to fall below 2% in the next few months, according to the Office for Budget Responsibility (OBR). Chancellor Jeremy Hunt confirmed the forecast in his budget statement, praising the Conservative government for reducing inflation from 11% to 4%. The economy is expected to grow slightly faster than previous forecasts, with GDP growth predicted to rise to 0.8% this year and 1.9% in 2025.
March 06, 2024
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