Economic growth could be downgraded 'every year for the rest of this Parliament' - London Business News | Londonlovesbusiness.com
The OBR expects UK economic growth to be downgraded each year through 2029, lowering growth versus March forecasts and prompting increased fiscal headroom.
Oil price rises after Opec+ pauses oil output hikes amid glut fears business live
Looming tax rises and falling business investment will cap UK economic growth below 1% next year, while OPEC+ production pauses push oil prices higher.
Brexit impact on UK economy negative for foreseeable future,' Bailey warns
Brexit will negatively impact the UK's economic growth for the foreseeable future, though trade adjustments may restore partial balance over the longer term.
UK economy grew slightly in August ahead of key Budget
UK economy grew 0.1% in August driven by manufacturing while services were flat; July revised to -0.1%; Budget tax rises likely to meet borrowing rules.
