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UK's 2025 growth forecast cut to 1% due to global uncertainty, OBR says.
The UK's economic growth forecast for 2025 has been cut from 2% to 1% due to global uncertainty, according to the Office for Budget Responsibility (OBR).
The OBR also forecasts GDP to increase by 1.9% in 2026, 1.8% in 2027, 1.7% in 2028, and 1.8% in 2029.
Chancellor Rachel Reeves announced measures totaling £14 billion, including cuts and investments, to balance the budget.
Inflation is projected to rise to 3.2% in 2025 before falling to 2% by 2027.
The OBR predicts that government planning reforms will boost GDP by 0.2% in 2029/30.
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La previsión de crecimiento del Reino Unido para 2025 se redujo al 1% debido a la incertidumbre mundial, según la OBR.