UK Growth Forecast Downgraded
This is a UK news story, published by Sky News, that relates primarily to Rachel Reeves news.
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Budget ResponsibilitySky News
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OBR slashes UK growth forecast for 2025 but upgrades it for rest of parliament, chancellor says

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.