welcome
Sky News

Sky News

World

World

OBR slashes UK growth forecast for 2025 but upgrades it for rest of parliament, chancellor says

Sky News
Summary
Nutrition label

84% Informative

Office for Budget Responsibility halved UK growth forecast for 2025 from 2% to 1% .

Chancellor Rachel Reeves said she is 'not satisfied with the numbers' for this year .

But the OBR has upgraded growth for every year after for the rest of this parliament.

She said reforms to pension system and national wealth fund are part of a 'serious plan' for growth.