Economists Warn of Slowdown as Reeves Freezes Tax Thresholds
Update: 2025-12-01
Description
Economists predict a slowdown in UK economic growth, with GDP expected to grow by just one percent in 2026, following Rachel Reeves decision to extend tax threshold freeze. KPMGs latest outlook also forecasts a dip in wage growth and potential unemployment spike. Business leaders confidence plummets post-Budget, indicating a tough period ahead for the UK economy.
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