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CBI Cuts UK GDP to 1.1%, Unemployment 5.5%

6/9/2026

45 7 Full Breakdown

Summary

Story summary

The Confederation of British Industry cut its UK GDP outlook to 1.1% in 2026 and 0.9% in 2027.
It forecast unemployment rising to 5.5% year, about two million people.
The CBI said cost inflation and consumer-spending concerns have reduced business investment, weakening the labour market.
Chief economist Louise Hellem warned the Middle East conflict will push inflation toward 4% by year-end and keep Bank of England rates at 3.75% through 2026.

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Story summary

The Confederation of British Industry cut its UK GDP outlook to 1.1% in 2026 and 0.9% in 2027.
It forecast unemployment rising to 5.5% year, about two million people.
The CBI said cost inflation and consumer-spending concerns have reduced business investment, weakening the labour market.
Chief economist Louise Hellem warned the Middle East conflict will push inflation toward 4% by year-end and keep Bank of England rates at 3.75% through 2026.