A major downgrade to Britain’s economic growth forecast could pile further pressure on the chancellor in her spring statement
The UK's economic growth forecast for 2025 is expected to be halved by the Office for Budget Responsibility (OBR), putting pressure on the government. This downgrade may force tax hikes or spending cuts to meet borrowing rules. Government borrowing has already exceeded forecasts, and further spending cuts are anticipated. The stagnant economy has faced criticism, and the situation is worsened by global economic uncertainty and trade tensions.
