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Evening Standard
Evening Standard
Henry Saker-Clark

CBI downgrades UK economic growth forecasts amid Budget pressures on firms

CBI Budget United Kingdom Inflation Stefan Rousseau Economy
Rain Newton-Smith is chief executive of the Confederation of British Industry (Stefan Rousseau/PA) - (PA Wire)

The UK economy is set to witness shallower growth than previously expected as business investment is constrained by Budget cost pressures, according to new research.

The CBI (Confederation of British Industry) has downgraded its growth projection for 2024 and 2025 and predicted an uptick in inflation in its latest economic forecast.

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