The UK economy is set to witness shallower growth than previously expected as business investment is constrained by Budget cost pressures, according to new research.

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UK employers cut growth forecasts as tax hikes weigh on economy

The CBI has reduced its growth forecasts for the UK economy in 2024 and 2025 as inflation is expected to pick up.

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CBI downgrades UK economic growth forecasts amid Budget pressures on firms

One of Britain's leading employers' groups on Friday cut its estimate for economic growth next year due to measures in the new government's first budget, striking a gloomier note than other recent forecasts.

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The CBI has downgraded its growth projection for 2024 and 2025 and predicted an uptick in inflation in its latest economic forecast

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CBI downgrades UK economic growth as Budget pressures constrain investment

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(Bloomberg) — UK household incomes will be held back by budget tax increases in a blow to Prime Minister Keir Starmer’s new goal of “raising living standards in every part of the UK,” according to the Confederation for British Industry.

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Leon Cooperman

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Canada

Starmer Living Standards Goal Hampered By UK Tax Rises, CBI Says

An economist has warned that the increase in employer's NICs won't be the end of higher taxes on businesses

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Gannett

Scotland

Further pain predicted as UK employers balk under rising taxes

The UK economy is set for slower than expected and “unimpressive” growth in 2025 thanks partly to punitive measures introduced in October’s Budget, a leading business group has predicted. The Confederation of British Industry (CBI) now expects Britain’s economy to grow by just 1.5 per cent next year, it said in its latest economic forecast, a sizeable downgrade from the 1.9 per cent it predicted for the year in June.  The weaker outlook partly r…

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CBI downgrades forecast for UK economy after Budget

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UK Employers Cut Growth Forecasts as Tax Hikes Weigh on Economy

CBI cuts UK 2025 growth forecast to 1.6% from 1.9% before

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CBI downgrades UK economic growth forecasts amid Budget pressures on firms

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