What will the budget mean for economic growth? Experts give their view
By Maha Rafi Atal, Adam Smith Senior Lecturer in Political Economy, School of Social and Political Sciences, University of Glasgow
David Bailey, Professor of Business Economics, University of Birmingham
Phil Tomlinson, Professor of Industrial Strategy & Regional Development, Co-Director Centre for Governance, Regulation and Industrial Strategy (CGR&IS), University of Bath
Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City St George's, University of London
Since the election last year, the UK government has said economic growth is its top priority, as a way to improve living standards, cut NHS waiting lists and ease pressure on household finances. But with the Office for Budget Responsibility predicting growth this year to be a below-average 1.5%, it seems things haven’t gone entirely to plan.
So would Rachel Reeves’ second budget provide any glimmers of hope? Here’s how our panel of experts reacted.
Tax-raising budget that may encourage growth – but doesn’t guarantee it
Maha Rafi Atal,…
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Wednesday, November 26, 2025