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LONDON DAILY ARCHIVE

UK Budget Forecasts Face Credibility Questions Amid Repeated Misses

Optimistic projections often lead to larger-than-expected deficits

12 June 2025 · 05:13 UTC

The UK government’s history of overly optimistic budget forecasts is under scrutiny as analysts warn that Chancellor Rachel Reeves may struggle to meet her goal of eliminating the deficit.

The pattern of underestimated spending and overestimated growth continues to challenge fiscal credibility and long-term economic planning.