UK economic growth could be “postponed” for two years amid a toxic cocktail of headwinds for confidence, according to a respected forecast which says further interest rate cuts may help lift the mood. EY ITEM Club, which uses the Treasury’s economic modelling, downgraded expectations for output in both 2025 and 2026 in its latest report. It warns of a direct hit from Donald Trump’s trade war and from persistent high inflation in the UK economy.Read More
