Cola Increase 2024 Forecast Uk. We can’t predict exactly what will happen to inflation, but we think it is likely to edge up to about 2.5% towards the end of the year before falling again. The uk is expected to have the highest inflation in the g7 not just this year but also in 2023 and 2024, according to economists, reflecting how britain is struggling.

We look at when the budget is, what starmer and chancellor rachel reeves could unveil this autumn, who might pay more tax and whether their plans will. We’re anticipating growth of just 0.5% in 2024, meaning the uk is set to endure yet another.