Rachel Reeves is expected to reveal in this week’s budget that the UK’s economic growth forecasts have been downgraded in each of the next five years despite her efforts to boost output.
The Office for Budget Responsibility (OBR) has reportedly downgraded its forecast for UK growth in each year to 2030-31 as part of a review undertaken before the budget that will argue a lack of investment under Tory administrations undermined the UK’s potential economic expansion.
