Tax hiked, growth downgraded as details of UK budget released early

NAMPA / DPA
2025-11-26
London (PA Media/dpa) - The UK's economy will grow more slowly than predicted over the next four years, according to a forecast that was published early in a budget blunder on Wednesday. The Office for Budget Responsibility (OBR) forecast gross domestic product would grow by 1.5% this year, an increase from its earlier 1% forecast. But it downgraded growth in 2026 from 1.9% to 1.4%, in 2027 from 1.8% to 1.5%, in 2028 from 1.7% to 1.5% and in 2029......
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