UK growth slows due to tax hike
This is a UK news story, published by Telegraph, that relates primarily to The Confederation of British Industry news.
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higher public spendingTelegraph
•Britain to grow slower in wake of Budget, warns CBI - latest updates
69% Informative
The Confederation of British Industry has downgraded its growth forecasts for this year and next.
Its economists said they had been forced to tear up preliminary forecasts because of the magnitude of the raid.
CBI now predicts the UK economy will grow 0.9pc this year , and 1.6pc in 2025 .
VR Score
78
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79
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64
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