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Evening Standard
Evening Standard
National
Daniel Keane

Spring statement 2025: Graphs reveal economic impact of Rachel Reeves' plans

Rachel Reeves OBR GDP the Office for Budget Responsibility

Rachel Reeves blamed “increased global uncertainty” as the budget watchdog slashed its forecast for economic growth.

The Office for Budget Responsibility halved its forecast for growth in gross domestic product in 2025 from 2% to just 1%, shown in the chart below.

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