UK economic growth forecasts downgraded for next two years – economists
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 […]
