Roundup: British GDP growth forecast halved to 1 pct in 2025, says chancellor

LONDON, March 26 (Xinhua) -- Britain's economy is now expected to grow by just one percent in 2025, down from the previous forecast of 2 percent, the country's finance minister said on Wednesday.

Delivering her Spring Statement in the House of Commons, Chancellor of the Exchequer Rachel Reeves confirmed that the Office for Budget Responsibility (OBR), Britain's public finance watchdog, has downgraded its 2025 growth forecast in its latest publication.