The UK’s economy will grow more slowly than predicted over the next four years, according to a forecast that was published early in a Budget blunder.

The Office for Budget Responsibility (OBR) forecast gross domestic product would grow by 1.5% this year, an increase from its earlier 1% forecast.

But it downgraded growth in 2026 from 1.9% to 1.4%, in 2027 from 1.8% to 1.5%, in 2028 from 1.7% to 1.5% and in 2029 from 1.8% to 1.5%.

Details of the Budget were revealed early when the Office for Budget Responsibility’s economic and financial outlook was released on its website

Chancellor Rachel Reeves said the early release of the OBR’s forecasts before she delivered her Budget was 'deeply disappointing'

The Budget will extend the existing freezes to personal tax thresholds for another thre

See Full Page