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UK growth forecast for this year halved, chancellor says
Credit: Sky News- Published 1 week ago
The Office for Budget Responsibility has halved the UK growth forecast for 2025 from 2% to 1%, Chancellor Rachel Reeves has said.
Video credit: ODN
Published 1 week ago - 01:34
Reeves: Nation's defences are stronger with spending boost
Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes. The chancellor acknowledges that the OBR has downgraded the UK's growth forecast for 2025 from 2% to 1%, but adds, "it has upgraded growth for next year and every year after that". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Rachel Reeves
British politician (born 1979)
Chancellor Rachel Reeves delivered her spring statement this week.
1 week ago • Sky News
Office for Budget Responsibility
Advisory non-departmental public body in the UK
The Office for Budget Responsibility (OBR) has given its latest take on the economy, and it's full of big changes to its economic projections but also plenty of..
Credit: Sky News - Published 1 week ago
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