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MNI BRIEF: UK Set For 'Steady, Unimpressive Gowth' In 2025-CBI

Business lobby group says October budget to weigh modestly on UK economy, inflation remains sticky.
Bank of EnglandCentral Bank NewsPolicy NewsHomepageCEEMEABriefUKStory

MNI (LONDON) - The UK economy will grow at a "steady yet unimpressive pace through to 2026, primarily driven by household spending," the CBI said Friday in its Economic Forecast.

The business lobby group expected the economy to expand by 1.6% in 2025 -- a slightly slower pace than the 1.9% seen in their June forecast round. Consumer spending growth is expected to decelerate, as real incomes growth is squeezed, with inflation remaining above the Bank of England's 2% target through 2026.

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MNI (LONDON) - The UK economy will grow at a "steady yet unimpressive pace through to 2026, primarily driven by household spending," the CBI said Friday in its Economic Forecast.

The business lobby group expected the economy to expand by 1.6% in 2025 -- a slightly slower pace than the 1.9% seen in their June forecast round. Consumer spending growth is expected to decelerate, as real incomes growth is squeezed, with inflation remaining above the Bank of England's 2% target through 2026.

Keep reading...Show less