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BBC Business·· 5d ago

Healey's Budget aims to sustain economic growth amid inflation concerns

Original source: BBC BusinessRead original
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Chancellor John Healey is delivering a Budget with unprecedented security measures to prevent leaks, aiming to sustain the UK's unexpectedly strong economic growth. While the economy has outperformed forecasts with GDP growth of 0.6% in Q1 and 0.5% in Q2, inflation unexpectedly rose to 3.5% in September, prompting expectations of a Bank of England rate hike. The Office for Budget Responsibility's predictions have been consistently exceeded, but the Chancellor must balance growth support with investor confidence on borrowing.

Source: BBC Business · bbc.co.uk