The EY Item Club forecasts a significant slowdown in the UK economy, predicting a GDP growth of only 0.8% this year, largely due to the impact of Donald Trump’s global tariff war on consumer spending and business investment. This outlook coincides with a separate Ipsos Mori poll indicating that three-quarters of Britons anticipate economic deterioration, highlighting a notable decline in confidence, which has reached its lowest level on record. The combination of these findings suggests a challenging economic landscape ahead for the UK over the next two years.
