The UK economy’s growth forecast for 2025 has been halved to 1%, down from the previous prediction of 2%, as stated by Chancellor Rachel Reeves. However, the Office for Budget Responsibility has upgraded growth forecasts for subsequent years, with expectations of 1.9% growth in 2026, 1.8% in 2027, 1.7% in 2028, and 1.8% in 2029. Reeves highlighted the impact of planning reforms and housebuilding targets in increasing GDP, with inflation forecasted to reach 3.2% this year but falling back to the Bank of England’s 2% target by 2027.
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US House of Representatives bans WhatsApp on government devices
The US House of Representatives has banned staff from using WhatsApp due to privacy concerns, citing risks related to data protection and transparency. Meta, parent company of WhatsApp, disputed the claims, emphasizing the platform's end-to-end encryption and security, while also facing legal scrutiny from the FTC over its market dominance. Need More Context? 🔎
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