Uk Economy Shrinks 2025. UK economy shrinks in first month of 2025 in setback… The ONS said the decline was "mainly caused by a fall in the production sector" Reeves has pledged to "kickstart the economy" with the fiscal policies outlined in her Autumn Budget and upcoming Spring Statement but she has received backlash from the business community over her tax changes.
UK economy growth forecasts slashed for next two years from www.bbc.com
The ONS said the decline was "mainly caused by a fall in the production sector" Last October, the government's forecaster, the Office for Budget Responsibility predicted the UK economy would expand by 2% in 2025.
UK economy growth forecasts slashed for next two years
Official figures Friday showed that the economy, the world's sixth-largest, saw output drop by 0.1% during the month, in contrast to expectations for a modest increase and December's solid 0.4. Bad weather impacted key sectors, raising concerns for Labour's economic strategy as PM Keir Starmer pushes for sustained growth Monthly real gross domestic product (GDP) is estimated to have fallen by 0.1% in January 2025, according to the Office for National Statistics (ONS)
Uk Economy 2024 Bbc Weather Midge Susette. Last October, the government's forecaster, the Office for Budget Responsibility predicted the UK economy would expand by 2% in 2025. Britain's economy unexpectedly contracted in January, reversing December's gains
The UK May Enter a Recession In Early 2023, Experts Say. The ONS said the decline was "mainly caused by a fall in the production sector" Chancellor of the Exchequer Rachel Reeves blamed the turbulence of global politics for a surprise contraction in the UK economy, as she prepares to reveal a belt-tightening fiscal update later.