UK OBR Forecasts (provided verbally by Chancellor Reeves):

Growth

• 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%)

Unemployment

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

Deficit (% of GDP)

• 2026: 4.3%
• 2027: 3.6%

PSNB

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