After a slower 2024 second half, the UK economy may gather steam on looser fiscal policy, with GDP rising by 1.5 per cent in 2025, 1.6 per cent in 2026 and 1.5 per cent in 2027, S&P Global Ratings said.
It now expects the central bank to cut its rate only four times over the next quarters to 3.75 per cent by 2025-end.
But most of the short-term growth will be offset by higher rates and imports.
It now expects the central bank to cut its rate only four times over the next quarters to 3.75 per cent by 2025-end.
But most of the short-term growth will be offset by higher rates and imports.
