Reeves to say Britain's growth will halve in 2025, FT reports
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FILE PHOTO: Chancellor of the Exchequer Rachel Reeves hosting a roundtable with the defence sector at RAF Waddington in Lincolnshire. Picture date: Friday February 28, 2025. Yui Mok/Pool via REUTERS/File Photo
(Reuters) - British finance minister Rachel Reeves will publish a forecast from the Office for Budget Responsibility on Wednesday, which is expected to roughly halve Britain's expected growth in 2025 from 2% to about 1%, the Financial Times reported on Tuesday.
Reeves' will also reveal in her spring statement that her 9.9 billion pound ($12.79 billion) fiscal buffer had been wiped out, leaving her with about 4 billion pounds in deficit, FT said, citing people familiar with the forecast.
Britain's treasury department did not immediately respond to a request for comment outside regular business hours.
($1 = 0.7739 pounds)
(Reporting by Shubham Kalia in Bengaluru; Editing by Christopher Cushing)
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