Britain is set to suffer the highest inflation and the second-slowest growth rate of the G7 group of advanced economies, according to a major forecast.
In the United Kingdom, GDP growth is projected to be subdued, with higher fiscal pressure weighing on household disposable incomes, but to improve from 0.5 per cent in 2023 to 0.7 per cent in 2024 and 1.2 per cent in 2025.
The forecast comes after the governor of the Bank of England said the UK's growth outlook is the worst he has ever seen.
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