The Confederation of British Industry trimmed its UK growth forecasts on Tuesday while sharply revising inflation expectations upwards, on the back of the ongoing war in the Middle East. Publishing its latest Economic Forecast, the employers’ organisation expects GDP to grow by 1.1% in 2026 and 0.9% in 2027. In December, it predicted GDP growth of 1.3% for this year and 1.5% for the next. [...]