{"id":7654,"date":"2025-11-26T21:11:40","date_gmt":"2025-11-26T21:11:40","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=7654"},"modified":"2025-11-26T21:12:53","modified_gmt":"2025-11-26T21:12:53","slug":"economic-forecasts","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2025\/11\/26\/economic-forecasts\/","title":{"rendered":"Economic forecasts"},"content":{"rendered":"<div class=\"hd-block hd-block-table\">\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Fiscal headroom more than doubles to \u00a321.7bn, giving government greater flexibility within its fiscal rules<\/td><td>Growth forecasts rise to 1.5% this year, with steady medium-term expectations supporting economic stability and resilience<\/td><td>Inflation expected to fall to 3.5% this year and 2.5% next year, aided by Budget measures<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Ms Reeves began her statement by acknowledging the Office for Budget Responsibility\u2019s (OBR\u2019s) technical error in releasing its <em>Economic and Fiscal Outlook<\/em> earlier than planned. The document\u2019s accidental release effectively detailed the Budget\u2019s key contents before the Chancellor stood at the dispatch box to deliver her statement, a move Ms Reeves described as<em> &#8220;deeply disappointing.&#8221;<\/em><strong><\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The Chancellor then confirmed that the Budget will see an expansion of the buffer for meeting the government&#8217;s fiscal targets, with the amount of headroom more than doubling from last year\u2019s figure of \u00a39.9bn to \u00a321.7bn. During her speech, Ms Reeves also noted that the Budget kept <em>\u201cevery single one&#8221;<\/em> of Labour\u2019s manifesto pledges on tax, with both her fiscal rules maintained without the need for <em>\u201causterity\u201d<\/em> or <em>\u201creckless borrowing.\u201d<\/em><strong><\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>While the Chancellor noted that the OBR\u2019s economic growth forecast for this year had been increased from 1.0% to 1.5%, growth is expected to be 1.4% in 2026, and 1.5% across each of the following four years. In terms of consumer prices, the Chancellor noted that OBR calculations show <em>\u201cinflation is coming down faster\u201d<\/em> and, <em>\u201cas a direct result of this Budget,\u201d<\/em> will be <em>\u201ca full 0.4 percentage points lower next year.\u201d<\/em>\u00a0 The OBR predict CPI inflation of 3.5% this year and 2.5% in 2026.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. Tax treatment varies according to individual circumstances and is subject to change. Advice on Cash on Deposit, National Savings Products, Inheritance Tax Planning and Tax Planning are not regulated by the Financial Conduct Authority.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>All details are believed to be correct at the time of writing (26 November 2025)<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Approver Quilter Financial Limited and Quilter Financial Services Limited 27\/11\/2025<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Fiscal headroom more than doubles to \u00a321.7bn, giving government greater flexibility within its fiscal rules Growth forecasts rise to 1.5% this year, with steady medium-term expectations supporting economic stability and resilience Inflation expected to fall to 3.5% this year and 2.5% next year, aided by Budget measures Ms Reeves began her statement by acknowledging the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[39],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/7654"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=7654"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/7654\/revisions"}],"predecessor-version":[{"id":7655,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/7654\/revisions\/7655"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=7654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=7654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=7654"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=7654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}