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What you need to know 👇 📉 Growth this year has been downgraded�The UK economy is now expected to grow 1.1% in 2026, down from 1.4% forecast in the Autumn. 📈 But growth later has been upgraded�Forecast growth for 2027 and 2028 has risen to 1.6%, up from 1.5%. 💷 Inflation is forecast to be lower than expected�Inflation is now predicted at 2.3% this year, lower than the 2.5% previously forecast. ⛽ Global risks could change things�These forecasts were made before Middle East tensions pushed oil
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What you need to know 👇 📉 Growth this year has been downgraded�The UK …
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Why UK Inflation Is Falling I UK Economy Revision UK inflation remains above target but is falling. The Consumer Prices Index rose by 3.0% in the year to January 2026, and the Office for Budget Responsibility expects inflation to return to the Bank of England’s 2% target later in 2026. Key drivers include lower household energy bills from a falling Ofgem price cap, government policies such as rail fare and fuel duty freezes, and a stronger pound reducing import prices. Falling inflation could al
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