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The Guardian Politics3 Mar 2026

The Guardian view on Rachel Reeves’s spring statement: stability cannot mean sacrificing living standards | Editorial

An energy shock from war in the Gulf will expose the limits of rigid fiscal rules. The real question is who absorbs the loss: the state, firms or households? The war in the Middle East has sent oil and gas prices soaring – and Britain remains deeply exposed to global energy markets. If the shocks persist they will feed directly into household bills, business costs and inflation. On Tuesday, the Office for Budget Responsibility released projections that were finalised before the US-Israeli strike

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The Guardian Politics3 Mar 2026

What will Rachel Reeves’s spring forecast mean for household finances?

The chancellor promised more money in people’s pockets, but the Iran crisis makes steeper inflation a pressing worry Rachel Reeves used her spring statement to insist her economic policies are working and things are looking up for household finances after the cost of living crisis. The chancellor trumpeted that by the next general election “people will be over £1,000 a year better off”. But against the backdrop of war in the Middle East, financial experts warned that the new economic forecasts p

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The Guardian Politics3 Mar 2026

‘It’s no news just when we wanted some’: Business leaders react to spring statement

Amid global volatility, Rachel Reeves tried to project calm with a low-key forecast. But business owners have their doubts Rachel Reeves gave a deliberately low-key spring forecast on Tuesday, in an attempt to project calm amid volatility abroad and after repeated tax rising budgets. But for some business owners struggling with rising costs, a lack of policy announcements this time around was a disappointment. Continue reading...

Economy
Express Politics3 Mar 2026

Farmer in her nineties asks Starmer: tell me when I must die to save my family farm

EXCLUSIVE: A farmer in her nineties has written to Keir Starmer demanding he tell her when she must die to save her farm from Labour's inheritance tax raid.

Economy
The Guardian Politics3 Mar 2026

Unemployment set to hit 5.3% this year amid ‘worrying’ rise in young jobless

OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertainty Unemployment in the UK is set to peak this year at a higher rate than previously estimated, with a “worrying” increase in young people being out of work, the government’s official forecaster has said. The Office for Budget Responsibility (OBR) said unemployment will peak at 5.3% this year, up from its previous forecast in November of 4.9%. Continue reading...

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Sky News Politics3 Mar 2026

Why I was surprised by Reeves's keep calm and carry on approach to her forecast

The spring forecast was meant to be a moment to take stock of Rachel Reeves's stewardship of the economy.

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The Guardian Politics3 Mar 2026

Ben Jennings on Donald Trump, Keir Starmer and the war in Iran – cartoon

Continue reading...

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Sky News Politics3 Mar 2026

Iran war leaves forecast for low UK inflation not worth the paper it was written on

The rise in gas prices over the past 48 hours is without precedent.

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Express Politics3 Mar 2026

Rachel Reeves' damaging Spring Statement shows she lives in La La Land

OPINION: Reform UK's new Treasury spokesman warns there is a benefits bomb set to bankrupt Britain.

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BBC Politics3 Mar 2026

Trump says Starmer is 'no Winston Churchill' over Iran strikes

Sir Keir Starmer had refused to grant the US permission to use the Diego Garcia military base.

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Express Politics3 Mar 2026

Donald Trump skewers Keir Starmer with brutal 'not Churchill' slap down

The US President slammed the UK, saying he is 'not happy.'

Sky News Politics3 Mar 2026

UK prepares for war lasting months

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