India  

UK growth forecast for this year halved, chancellor says

Sky News Wednesday, 26 March 2025
The Office for Budget Responsibility has halved the UK growth forecast for 2025 from 2% to 1%, Chancellor Rachel Reeves has said.
0
shares
ShareTweetSavePostSend
 
Video Credit: ODN - Published
News video: Reeves: Nation's defences are stronger with spending boost

Reeves: Nation's defences are stronger with spending boost 01:34

Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes. The chancellor acknowledges that the OBR has downgraded the UK's growth forecast for 2025 from 2% to 1%, but adds, "it has upgraded growth for...

💡 newsR Knowledge: Other News Mentions

Rachel Reeves Rachel Reeves British politician (born 1979)

Chancellor hints at tax rises this autumn after major welfare U-turn

Rachel Reeves has hinted that taxes are likely to be raised this autumn after a major U-turn on the government's controversial welfare bill.
Sky News
Reeves: I was upset at PMQs over a personal issue [Video]

Reeves: I was upset at PMQs over a personal issue

Chancellor Rachel Reeves says it is "clear" she was "upset" at PMQs on Wednesday, adding the reason she was tearful was down to a "personal issue". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:44Published
Starmer: I have every faith in my chancellor [Video]

Starmer: I have every faith in my chancellor

Prime Minister Sir Keir Starmer said he has "every faith" in his chancellor, a day after Rachel Reeves appeared tearful at PMQs, sparking rumours about her future. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:38Published
Starmer, Reeves and Streeting unveil NHS 10-year plan [Video]

Starmer, Reeves and Streeting unveil NHS 10-year plan

Sir Keir Starmer, Rachel Reeves and Wes Streeting tour a health facility in east London, as the government sets out its 10-year plan for the NHS. The chancellor could be seen smiling and laughing with her colleagues, a day after appearing tearful at PMQs. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:06Published
Stride distances himself from Jenrick's claims about Reeves [Video]

Stride distances himself from Jenrick's claims about Reeves

Mel Stride has appeared to distance himself from Robert Jenrick, who earlier posted a video on social media claiming Rachel Reeves' career as chancellor was "dead". The shadow chancellor adds, "everybody has their own particular way of conducting their politics". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:34Published

You Might Like


Related videos from verified sources

Reeves 'not satisfied' as UK's growth forecast downgraded [Video]

Reeves 'not satisfied' as UK's growth forecast downgraded

The chancellor says the OBR has downgraded the UK's economic growth forecast from 2% to 1% for 2025. Rachel Reeves admits she is "not satisfied with these numbers" and believes her statement is a..

Credit: ODN     Duration: 00:53Published

Related news from verified sources

Leaders Worldwide Back Ukraine's Fight After Trump-Zelenskyy Oval Office Clash

European leaders, including Austrian Chancellor Nehammer and Canadian PM Trudeau, expressed strong support for Ukraine following Zelenskyy's clash with Trump.  
Zee News

UK Backs Zelenskyy With $2.84 Billion Loan Amid US Uncertainty

The loan agreement was signed by UK Chancellor Rachel Reeves and Ukraine's Finance Minister Sergii Marchenko.
Zee News

PM Modi congratulates Christian Stocker on being sworn in as the Federal Chancellor of Austria


newKerala.com