Uk Recession 2025. June 30, 2024 at 9:00 am pdt. Three months ago, ey’s item club had predicted a 0.3 per cent contraction in gross domestic product (gdp) this year, followed by 2.4 per cent growth next year.
The uk economy is expected to grow every year until the end of 2026 but will continue to lack momentum. The tables below are ‘ready reckoners’, showing estimates of the effects of illustrative tax changes on tax receipts from 2025 to 2026,.