Europe’s economy is expected to outpace Britain’s next year as the UK reels from Labour’s tax rises and braces for more.
The EU economy will expand 1.4pc in 2026, according to new Brussels forecasts – powered by Poland and Spain.
The compares with a forecast of 1.2pc growth for the UK economy, according to the Bank of England.
Threadneedle Street has said Rachel Reeves’s decision to raise employers’ National Insurance has weighed on the economy and warned earlier this month that fears over another tax raid in the upcoming Budget were likely to hit growth well into 2026.
The EU expects infl
The EU economy will expand 1.4pc in 2026, according to new Brussels forecasts – powered by Poland and Spain.
The compares with a forecast of 1.2pc growth for the UK economy, according to the Bank of England.
Threadneedle Street has said Rachel Reeves’s decision to raise employers’ National Insurance has weighed on the economy and warned earlier this month that fears over another tax raid in the upcoming Budget were likely to hit growth well into 2026.
The EU expects infl
1 month ago
