Economy News Higher Inflation, Much Weaker Growth Brexit Has Hit The U K Economy Hard, Says Goldman Sachs

Brexit Hit to UK Economy Double Official Estimate, Study Finds

Brexit has caused almost twice as much damage to the UK economy than estimated by official forecasts, according to new paper from a group of experts including a senior Bank of England economist. Read More

UK set for faster growth in 2026, slower inflation, OECD forecasts

Britain's economy will grow faster than previously expected next year, the OECD said on Tuesday, citing the impact of finance minister Rachel Reeves' budget on consumption and drag from global ... Read More

UK growth facing headwinds from tax hikes and spending cuts – OECD

OECD - The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening. Read More

Factbox-How the UK Economy Has Fared Since Reeves' First Budget

Britain's main inflation rate rose to 3.8% in July, August and September from 2.3% in October 2024, with the tax increase on employers adding to price pressures. It slowed to 3.6% last month but ... Read More

Economy to slow next year as Reeves tax hikes batter Britain, warns OECD

The Paris-based body forecast that growth of 1.4 per cent this year would fall to an even more sluggish 1.2 per cent in 2026. Read More

What will the budget mean for economic growth? Experts give their view

To be a success it is vital to ensure that project targets are set early, and resources are ring-fenced. There also needs to be sufficient funding set aside to support skills and training that align ... Read More

How the UK economy has fared since Reeves' first budget

Finance minister Rachel Reeves has vowed for the past year to speed up Britain's economy but growth has slowed recently on worries about more tax increases in her budget on Wednesday. Read More