Reeves to say Britain's growth will halve in 2025, FT reports
Reeves to say Britain's growth will halve in 2025, FT reports
Published by Global Banking and Finance Review
Posted on March 25, 2025
Published by Global Banking and Finance Review
Posted on March 25, 2025
(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)
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