empty

2026.10.2813:15:43UTC+00OBR Downgrades UK Growth Forecast for 2027

The UK economy is now forecast to grow by 1% in 2027, according to the latest projections from the Office for Budget Responsibility (OBR), set out by Chancellor John Healey in his first Budget statement to Parliament. This represents a downgrade from the OBR’s previous estimate of 1.6%, published in March before the outbreak of the war in Iran.

Growth is projected to pick up to 1.6% in 2028, 1.8% in 2029, 1.7% in 2030 and 1.6% in 2031. By comparison, the OBR’s earlier forecasts had pointed to growth of 1.6% in 2028 and 1.5% in both 2029 and 2030. The outlook for 2026 has been revised slightly higher, with expected growth raised to 1.2% from 1.1% previously.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback