📰 News Alert...
🔖 Title: UK Economy Sees Upgraded Growth Forecast Amid Trade Deal and Tariff Concerns
🗓️ Published: 2025-07-28T13:00:00.000Z
📄 Summary: The UK economy is expected to grow faster in 2025 than previously anticipated, with EY’s Item Club raising the GDP growth forecast from 0.8% to 1%. This uplift partly reflects early business investments made in anticipation of US tariffs imposed by Donald Trump, ahead of the April deadline. Although the recent trade agreement reached between Donald Trump and Ursula von der Leyen in Scotland provides some relief and improves the trading outlook for certain sectors, challenges remain. Reduced access to key export markets and persistent global economic uncertainties continue to weigh on growth prospects. Business investment is forecasted to remain modest until 2027, with interest rate cuts expected to ease financial pressures over time. The evolving international trade environment, alongside elevated labor and energy costs, signals a cautious path ahead for businesses.
🗞️ Source: The Guardian
💓 #UKEconomy #TradeDeals #BusinessInvestment