Captain Caveman
Platinum Member
UK economic growth forecasts downgraded for next two years – economists
EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.
www.standard.co.uk
The UK economy is set to grow slower than previously expected over the next two years amid cautious consumer spending, according to new forecasts by economists.
EY Item Club’s latest quarterly economic forecast also suggested that caution by Bank of England rate-setters not to cut interest rates too quickly will contribute to “steady rather than rapid” growth.
It represents a potential blow to Chancellor Rachel Reeves days ahead of the autumn Budget, with the Government hoping that future economic growth can help generate more funds to support spending plans.
Forecasts on Labour's economy looking slow and poor. As predicted before the election.
Lower household savings? As predicted before the election too.
Just keeps getting worse.