The British Chambers of Commerce’s quarterly forecast has revised down growth expectations for the UK for 2024 to 0.8 per cent from 1.1 per cent earlier, but marginally improved GDP expectations for 2025 to 1.3 per cent from 1 per cent earlier and for 2026 to 1.5 per cent from 1.1 per cent earlier.
Inflation is now expected to remain above the Bank of England’s target until the end of 2026.
Inflation is now expected to remain above the Bank of England’s target until the end of 2026.
