UK economic growth downgraded in blow to Rachel Reeves
Briefly

The Independent highlights pressing issues from reproductive rights to economic growth forecasts in the UK. Recent reports suggest that rising US tariffs and increased employment costs are likely to stifle investment, with the Confederation of British Industry downgrading the UK's economic growth estimate from 1.6% to 1.2% for the year. Weak business demand and low confidence fuel these predictions, indicating a cautious economic outlook, especially as higher national insurance contributions and minimum wages enter the picture. The need for accessible, quality journalism has never been more critical to navigate these developments.
The rising costs due to US tariffs and increased employment expenses are forecasted to significantly hinder business investment in the UK, thereby dampening economic growth.
The Confederation of British Industry downgraded growth forecasts for 2026, reflecting concerns about persistently weak demand and the impact of higher operational costs on business confidence.
Read at www.independent.co.uk
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