Finance
Reeves to say Britain's growth will halve in 2025, FT reports
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
UK's growth forecast for 2025 is expected to halve from 2% to 1%, as reported by FT. Rachel Reeves will reveal the fiscal implications in her spring statement.
(Reuters) - British finance minister Rachel Reeves will publish a forecast from the Office for Budget Responsibility on Wednesday, which is expected to roughly halve Britain's expected growth in 2025 from 2% to about 1%, the Financial Times reported on Tuesday.
Reeves' will also reveal in her spring statement that her 9.9 billion pound ($12.79 billion) fiscal buffer had been wiped out, leaving her with about 4 billion pounds in deficit, FT said, citing people familiar with the forecast.
Britain's treasury department did not immediately respond to a request for comment outside regular business hours.
($1 = 0.7739 pounds)
(Reporting by Shubham Kalia in Bengaluru; Editing by Christopher Cushing)
The main topic is the halving of the UK's economic growth forecast for 2025 as reported by the Financial Times.
Rachel Reeves will announce the UK's growth forecast halving and the impact on the fiscal buffer.
The fiscal buffer has been reduced from 9.9 billion pounds to about 4 billion pounds in deficit.
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