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flag UK's 2025 growth forecast cut to 1% due to global uncertainty, OBR says.

flag 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). flag 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. flag Chancellor Rachel Reeves announced measures totaling £14 billion, including cuts and investments, to balance the budget. flag Inflation is projected to rise to 3.2% in 2025 before falling to 2% by 2027. flag The OBR predicts that government planning reforms will boost GDP by 0.2% in 2029/30.

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