UK reportedly faces more than £20bn hit from steeper productivity downgrade, fuelling tax rise speculation

Government’s official forecaster to cut productivity growth prediction more than expected, which could result in bigger budget hole

Oct 28, 2025 - 10:00
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UK reportedly faces more than £20bn hit from steeper productivity downgrade, fuelling tax rise speculation
Government’s official forecaster to cut productivity growth prediction more than expected, which could result in bigger budget hole

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