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Evening Standard
Evening Standard
Henry Saker-Clark

UK economic growth forecasts downgraded for 2025 – EY

EY United Kingdom Rachel Reeves Economic Growth Economy
Chancellor of the Exchequer Rachel Reeves (Ian Forsyth/PA) - (PA Wire)

Stagnant growth late last year means the UK economy will improve slower than previously predicted in 2025, according to new forecasts.

The EY Item Club economic forecaster has become the latest influential group to cut its predictions amid continued pressure on businesses, which face further tax and wage rises in April.

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