The UK economy is facing considerable domestic and international headwinds that are set to weigh on growth prospects this year and into next, according to the Confederation of British Industry’s (CBI) latest Economic Forecast.

 

Business investment is expected to be weak, reflecting the impact of higher labour costs and global uncertainty whilst US tariffs hikes pose a modest headwind to UK output, primarily through reduced exports, dampened investment, and financial market volatility.

 

However, it is predicted that by 2026, the economy will gradually improve quarter by quarter, helped by rising consumer spending on the back of recent real income gains, lower interest rates, and falling inflation.

 

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