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Reeves to say Britain's growth will halve in 2025, FT reports

Published by Global Banking & Finance Review

Posted on March 25, 2025

1 min read

· Last updated: January 24, 2026

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Reeves to say Britain's growth will halve in 2025, FT reports
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UK's Economic Growth to Halve by 2025, Says FT Report

(Reuters) - British finance minister Rachel Reeves will publish a forecast from the Office for Budget Responsibility on Wednesday, which is expected to roughly halve Britain's expected growth in 2025 from 2% to about 1%, the Financial Times reported on Tuesday.

Reeves' will also reveal in her spring statement that her 9.9 billion pound ($12.79 billion) fiscal buffer had been wiped out, leaving her with about 4 billion pounds in deficit, FT said, citing people familiar with the forecast.

Britain's treasury department did not immediately respond to a request for comment outside regular business hours.

($1 = 0.7739 pounds)

(Reporting by Shubham Kalia in Bengaluru; Editing by Christopher Cushing)

Key Takeaways

  • UK's growth forecast for 2025 is expected to halve.
  • Rachel Reeves to publish the forecast from OBR.
  • Fiscal buffer reduced from 9.9 billion to 4 billion pounds.
  • Treasury did not comment on the forecast.
  • Exchange rate: $1 equals 0.7739 pounds.

Frequently Asked Questions

What is the main topic?
The main topic is the halving of the UK's economic growth forecast for 2025 as reported by the Financial Times.
What will Rachel Reeves announce?
Rachel Reeves will announce the UK's growth forecast halving and the impact on the fiscal buffer.
What is the fiscal buffer status?
The fiscal buffer has been reduced from 9.9 billion pounds to about 4 billion pounds in deficit.

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