According to the latest forecast for UK growth, the economy will be 5% smaller by 2026 than March forecasts predicted

Forecast growth in real-terms national

income, 2021-22 = 100

110

OBR March

forecast

105

IFS/citi

September

100

Bank of England

August

95

2022-23

2024-25

2026-27

Forecast growth in real-terms national income, 2021-22 = 100

110

OBR March forecast

105

IFS/citi September

100

Bank of England August

95

2021-22

2022-23

2023-24

2024-25

2025-26

2026-27

Guardian graphic. Source: IFS analysis of data from Office for Budget Responsibility, Economic and Fiscal Outlook, March 2022.