georgemiller
Publish Date: Tue, 25 Mar 2025, 05:45 AM

March 25 (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.
Sign up here.
Britain's treasury department did not immediately respond to a request for comment outside regular business hours.
($1 = 0.7739 pounds)
https://www.reuters.com/world/uk/reeves-say-britains-growth-will-halve-2025-ft-reports-2025-03-25/