The UK growth outlook has been damaged by higher US tariffs, which will weaken demand from the US and rest of the world for UK exports. A prolonged period of trade policy uncertainty will weigh on capital spending. Though a stronger-than-expected Q1 means our 2025 UK GDP growth forecast is unchanged at 1%, we've cut our 2026 forecast by 0.6ppts to 0.9%.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook