The UK economy is forecast to grow 1.3 per cent in 2025, easing to 1.2 per cent in 2026 before 1.5 per cent in 2027.
Business investment stays weak at 1.6 per cent this year, while net trade remains negative despite 3.1 per cent export growth.
Inflation will stay above target at 3.7 per cent in 2025, with rates at 4 per cent.
Earnings outpace inflation.