UK Business Leaders Disappointed by Lack of Pro-Growth Measures in Budget
The latest UK budget announcement has left many business leaders feeling let down and uncertain about the future. With few pro-growth measures offered, the Office for Budget Responsibility (OBR) set out two concerning forecasts: a growth rate of only 1.5% from 2026 to 2029 and tiny real-terms annual growth in disposable incomes.Key TakeawaysThe UK business community is disappointed with the lack of positive themes in the budget.The OBR forecasts a disappointing average growth rate of 1.5% from 2026 to 2029.Disposable incomes are expected to grow minimally, leading to economic pessimism.Despite initial support from the banking sector, which was reportedly encouraged by the Treasury to praise the budget, other businesses have responded with a resigned shrug. The FTSE 100 chair's sentiment su...