CBI Downgrades Growth Forecast and Blames Reeves Tax Raid

Another headache for Rachel Reeves as the Confederation of British Industry hacks down its UK growth forecast to just 1.2% this year – a hefty drop from its earlier estimate of 1.6%. Next year is looking even worse: 2026 slashed from 1.5% to a limp 1%…

Business investment is set to slow in Q3 and actually drop at the start of 2026 – thanks again to Reeves’ cocktail of a national insurance hike and the minimum wage rise.[…] Read the rest