Goldman Sachs analysts have downgraded Britain's economic outlook after Prime Minister Liz Truss removed Kwasi Kwarteng as chancellor and reversed a freeze in corporation tax, Bloomberg News reported on Sunday.
British Prime Minister Liz Truss walks outside Number 10 Downing Street, in London, Britain, October 12, 2022.
Goldman revised its 2023 UK economic output forecast to a 1% contraction from an earlier forecast for a 0.4% output drop, with core inflation seen at 3.1% at the end of 2023, down from 3.3% previously, Bloomberg said.next year, making an U-turn on a pledge to freeze it at 19%.Register now for FREE unlimited access to Reuters.com
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