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OBR slashes UK growth forecast for 2027 despite Healey’s budget measures

The Guardian World Wednesday 28 October 2026, 14:19 UTC By Richard Partington Senior economics correspondent 1 min read
Key Points

Outlook for living standards also downgraded as part of impact of Middle East conflict on economyHealey offers £100 payment to households to help navigate ‘global economic storms’Budget 2026: key points at a glanceBudget 2026 live – latest updatesBritain’s economy has taken a multibillion-pound hit as the war in the Middle East drags down growth and triggers a fresh cost of living crisis, according to the government’s independent forecaster. In a report as John Healey announced his first...

Outlook for living standards also downgraded as part of impact of Middle East conflict on economy

Britain’s economy has taken a multibillion-pound hit as the war in the Middle East drags down growth and triggers a fresh cost of living crisis, according to the government’s independent forecaster.

In a report as John Healey announced his first budget, the Office for Budget Responsibility (OBR) issued a sharp downgrade for growth, living standards and the public finances despite the measures taken by the chancellor.

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OBR (ORG) UK (LOCATION) Healey (ORG) Middle East (LOCATION) the Middle East (LOCATION) John Healey (PERSON) the Office for Budget Responsibility (ORG)
Originally published by The Guardian World Read original →

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