UK growth forecast to slow sharply as Trump tariffs push confidence to record low

The UK economy is set for a sharp slowdown over the next two years as global tariffs stemming from Donald Trump's trade war hit consumer spending and business investment. Experts predict reduced GDP growth to 0.8% this year and an even lower rate of 0.9% in 2026, with public confidence at its lowest ever level. Tariffs on goods like cars, steel, and aluminum are expected to reduce demand for UK exports, while businesses are focusing on expanding into new markets in Asia, Africa, and Australia, particularly benefiting sectors like retail, wholesale, and tech.