OBR slashes UK growth forecast for 2027 despite Healey’s budget measures
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Budget category. Published on October 28, 2026 • Originally reported by Richard Partington Senior economics correspondent. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Budget category. Published on October 28, 2026 • Originally reported by Richard Partington Senior economics correspondent. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Outlook for living standards also downgraded as part of impact of Middle East conflict on economy
Britain’s economy has taken a multibillion-pound hit as the war in the Middle East drags down growth and triggers a fresh cost of living crisis, according to the government’s independent forecaster.
In a report as John Healey announced his first budget, the Office for Budget Responsibility (OBR) issued a sharp downgrade for growth, living standards and the public finances despite the measures taken by the chancellor.
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