The economic forecasting institution EY ITEM Club announced on the 28th local time in their published report that they have downgraded the economic growth forecast for the United Kingdom for 2025 and 2026. The institution predicts that the UK's economic growth for 2025 will be 0.8%, down from the previous forecast of 1% three months ago; the growth forecast for 2026 is 0.9%, which is a reduction of 0.6 percentage points from the earlier forecast. British media reports that the decline in forecasts is mainly due to the significant increase in uncertainty caused by the USA's tariff policies, as well as their impact on the Global economy.