The CEBR Center for Economic and Business Research predicts that by 2039, as Germany, Italy, and Spain decline in rankings, the UK and France will remain in sixth and seventh place, respectively.

This optimistic assessment will be welcomed by UK Prime Minister Keir Starmer, as official data this week shows that the economy has not grown since the Labour government came to power in July. According to survey data, the dismal performance in the last quarter is expected to continue until 2025.

Stamer hopes that his plan can achieve the fastest sustained growth among the G7 countries, through a series of planning reforms, housing construction, and public investment, ultimately bringing dividends after the Labour Party's poor start. However, CEBR stated that the issue will continue to hinder the UK economy.

CEBR stated, "Although this outlook is significantly better than major European countries such as France and Germany (both of which are expected to decline), it reflects a relatively poor outlook for the eurozone economies, rather than strong growth in the UK

CEBR expects the UK to narrow the gap with the underperforming German economy over the next 15 years. It is expected that by 2039, the economic size of Europe's largest economy will grow by 20% compared to the UK, while the current figure is 31%. Similarly, by 2039, the output of the UK will exceed that of France by 25%.

Although CEBR warns that Labour's tax increase will mean a short-term slowdown in economic activity growth, it is expected that the long-term trend growth rate will reach 1.8%.

On a per capita basis, the UK is expected to rise to 21st place, second only to Malta, Germany, and Sweden. Luxembourg is expected to remain the wealthiest country per capita in the world, followed by Ireland and Switzerland.