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2025-09-17 00:00:30
[The Financial Times reports that the UK budget watchdog is expected to revise down its productivity outlook] The Financial Times reports that the UK's budget watchdog has told Chancellor of the Exchequer Rachel Reeves that it may revise down its productivity forecasts, which will increase fiscal pressure ahead of the annual budget on November 26. The Financial Times quoted an unnamed government official as saying: "We don't know exactly what they will say on productivity, but we have received indications that they will revise down." The UK Treasury has not yet commented on the report, which raised the possibility of further tax increases later this year.
