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2025-12-12 16:48:23
[KPMG UK: UK Economy Expected to Weak in Q4] ⑴ KPMG UK Chief Economist Yale Selfin stated in a report that the UK economy contracted by 0.1% in October, and growth is expected to remain weak for the remainder of the fourth quarter. Economic activity in November may be constrained by uncertainty surrounding the government budget. ⑵ She noted that although the budget avoided upfront tax increases and borrowing costs will decline over the next year, their impact may persist, and household confidence is unlikely to improve in the short term. ⑶ Selfin stated that the outlook for investment growth is more positive, which should be a key contributor to economic growth in 2026. ⑷ Nevertheless, she expects GDP growth to remain flat in the fourth quarter of 2025.
