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Evening Standard
Evening Standard
David Hughes

Budget watchdog downgrades growth forecast for 2026 as Reeves defends plan

Chancellor Rachel Reeves said she had the “right economic plan” for the UK despite the budget watchdog slashing its forecast for growth this year.

The Office for Budget Responsibility indicated gross domestic product will increase by 1.1% in 2026, down from the 1.4% it forecast in November.

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