LONDON DAILY ARCHIVE

UK Economic Growth Forecast Raised Slightly as Inflation Expected to Remain Above Target Until 2029

The National Institute of Economic and Social Research has raised its United Kingdom growth forecast for 2026 to 1.1 percent but warned that inflation is likely to remain above the Bank of England’s two percent target until 2029. The institute said higher energy costs linked to Middle East tensions remain a major factor weighing on the outlook.

02 August 2026 · 23:04 UTC