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UK OBR now expect real GDP growth of 1.0% this year; growth recovers to average around 1.75% over the rest of the decade
UK OBR: WE NOW EXPECT REAL GDP GROWTH OF 1.0% THIS YEAR || UK OBR: GROWTH RECOVERS TO AVERAGE AROUND 1.75% OVER THE REST OF THE DECADE
— First Squawk (@FirstSquawk) March 26, 2025
Added at 7:41am
Added at 7:43am
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— FinancialJuice (@financialjuice) March 26, 2025
UK's Chancellor Reeves: This statement does not contain any further tax increases.
Added at 7:47am
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UK FINANCE MINISTER REEVES: OBR ESTIMATE WELFARE CUTS WILL SAVE 4.8 BLN STG || UK OBR: IF PRODUCTIVITY RECOVERY FAILS TO MATERIALISE, OUTPUT WOULD BE 3.2% LOWER BY END OF DECADE, CURRENT BUDGET WOULD BE 1.4% IN DEFICIT
— First Squawk (@FirstSquawk) March 26, 2025
Added at 7:49am
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