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flag UK forecasts 1.1% growth in 2026, with unemployment peaking at 5.3%, no tax changes announced.

flag The UK's economy is projected to grow 1.1% in 2026, down from 1.4% earlier, with unemployment expected to peak at 5.3%, according to the OBR. flag Chancellor Rachel Reeves defended her economic plan, citing progress on inflation and borrowing, with public debt falling to 1.8% of GDP by 2029-30. flag Growth is forecast at 1.6% in 2027 and 2028, but rising global tensions and energy prices pose risks. flag No tax or spending changes were announced, drawing criticism, while business leaders urged reforms to boost investment and jobs.

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