UK OBR Forecasts (provided verbally by Chancellor Reeves):

• 2026: 1.1% (prev. 1.4%), BoE 0.9%
• 2027: 1.6% (prev. 1.5%), BoE 1.5%
• 2028: 1.6% (prev. 1.5%)
• 2029: 1.5% (prev. 1.5%)

• To peak in 2026, then fall in every year of the forecast period, ending it at 4.1%.

• 2026: 4.3%
• 2027: 3.6%

• 2027/28: 2.9% (prev. 3.0%)
• 2028/29: 2.5% (prev. 2.6%)
• 2029/30: 1.8% (prev. 1.9%)

The UK OBR forecasts indicate slightly lower growth projections, particularly in 2026, which may reflect ongoing economic challenges. A peak in unemployment in 2026 followed by a gradual decline suggests some stabilization in the labor market, while improving deficit figures could support the Bank of England's policy stance. Overall, these revisions could impact expectations for future monetary policy, particularly if growth remains below the BoE's outlook.