Bbc News 2025 Budget Predictions. What was in the minibudget and what is the government's new plan? BBC News However, mortgage costs have been rising after the central bank also said that future interest rate cuts may not. These initial out-turns are provisional - in particular, the picture on self-assessment revenues may look less grim once February data (which always contain some stragglers who pay their tax slightly after the end-of-January.
Liz Truss pledges no public spending cuts as she defends minibudget BBC News from www.bbc.com
UK interest rates will fall more slowly than expected over the next two years due to October's Budget, according to an influential think tank's forecasts Source: Office for Budget Responsibility, Economic and Fiscal Outlook, March and October 2024; Office for National Statistics, Public Sector Finances, UK, January 2025
Liz Truss pledges no public spending cuts as she defends minibudget BBC News
Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.1% this year, 2% next year, and 1.8% in 2026 Inflation predicted to average 2.5% this year, 2.6% next year, before. The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years. However, mortgage costs have been rising after the central bank also said that future interest rate cuts may not.
UK expected to be only major economy to shrink in 2023 IMF BBC News. However, an overhaul in business rates is expected in 2026/27, with two permanent lower rates for leisure. Emma Pengelly BBC News Matt Gill, 52, and his wife, Rebecca, in the Peak District were due to simultaneously exchange and complete on a second home today, but changes introduced in the Budget mean.
UK expected to be only major economy to shrink in 2023 IMF BBC News. Source: Office for Budget Responsibility, Economic and Fiscal Outlook, March and October 2024; Office for National Statistics, Public Sector Finances, UK, January 2025 UK interest rates will fall more slowly than expected over the next two years due to October's Budget, according to an influential think tank's forecasts