Budget 2023: What will happen to the UK's economic growth? - Analysis

by 24britishtvMarch 14, 2023, 11:50 p.m. 43
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Jeremy Hunt will update the government's tax and spending plans on Wednesday. On the same day, the Office for Budget Responsibility (OBR) will publish its latest five-year forecasts for the economy. In November 2022, the OBR forecasted a 1.6% contraction in UK GDP. Now, independent forecasters are saying that the UK will have a milder contraction in 2023 but a slow and shallow growth path from 2024 to 2027. This means stronger growth in the short run and weaker growth in the long run. Read more on this topic here: https://news.sky.com/story/budget-2023-jeremy-hunt-is-set-to-deliver-his-first-budget-here-are-the-things-to-look-out-for-12830477 #2023budget #jeremyhunt #ukbudget #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales

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