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UK economic forecast: December 2024

Martin Sartorius Principal Economist

CBI Principal Economist, Martin Sartorius, looks at the road ahead for the UK economy.

05 Dec 2024, 3 min read

UK outlook: steady pace ahead

Our latest forecast expects that the UK economy will grow at a moderate pace over 2025 and 2026. Recently announced measures in the Autumn Budget are expected to push up government spending and investment, but higher employment costs and the crowding out of private sector activity will weigh on household spending and business investment over our forecast. Inflation is projected to remain above the Bank of England’s 2% target through 2026, primarily due to the passt

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