
Spring Statement 2026: Key points at a glance
Chancellor Rachel Reeves updates MPs on her plans for the economy, as the latest forecasts are unveiled.
Original reporting and the latest political headlines from across the UK.

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Chancellor Rachel Reeves updates MPs on her plans for the economy, as the latest forecasts are unveiled.

The after-effects of a debacle that has seen taxpayers pay hundreds of millions for a pair of ferries at nearly four times the original budget, are continuing with the harbour that was too small to fit the ships set to be taken into public ownership.
From the OBR’s forecast: “Taxes are forecast to increase from 36% of GDP this year to 38% by the end of the forecast, with personal taxes accounting for half the increase. The projected 2030-31 level would be a historical high in the UK and almost 6% of GDP above the pre-pandemic level.” Higher taxes will…

Chancellor says she is in close touch with Bank of England governor and is meeting energy companies amid soaring oil and gas prices Business live – latest updates Rachel Reeves insisted Labour has “the right economic plan” for a world that has become “yet more uncertain” as she delivered a spring forecast that downgraded growth for this year. The chancellor was addressing MPs against the backdrop of surging energy prices, as investors fret about the impact of the spiralling conflict in the Mid

The UK's economic forecast has been downgraded for 2026 but will then improve - and unemployment will peak this year, the chancellor has revealed.
Guido will be live-blogging throughout, so refresh the page for the latest updates. Not a pretty economic picture as Reeves stands at the despatch box… UPDATE: Says she will meet leaders from the North Sea oil and gas industry tomorrow to “discuss the implications they face.” On operations in the Middle East: “I is incumbent on…
Reeves will deliver her Spring Statement at around 12:30 p.m. The Treasury spent months planning for it to be policy and news-free in general. Man plans, God laughs… Events have led to some highly unwelcome economic statistics: 10-year gilt yields are up 0.176 today. 25-year gilt yields are up 0.175 today. 2-year gilt yields are…

Rolling coverage of the latest economic and financial news, including the UK’s spring forecast Rachel Reeves’s plans could be hit by Middle East conflict, say economists Soaring global energy prices as a result of the widening Middle East conflict will jeopardise Rachel Reeves’s plan to conquer inflation and rekindle growth, economists have warned as she prepares to deliver her spring forecast later today. Responding to the latest projections from the independent Office for Budget Responsibili
As their pay rises above £100,000, MPs will feel the full absurdity of Britain’s hidden 60 per cent marginal rate. They may finally rediscover the case for growth. The post Will MPs finally tackle the terrible tax trap? appeared first on Conservative Home.
My latest polling looks at preferred coalitions, tactical voting, which parties have momentum, whether Reform UK are like the Conservatives , whether Keir Starmer should resign, and which Labour leadership contender would make the best PM. The post Lord Ashcroft: Who is most trusted on the economy, preferred coalitions, the pensions triple lock, should Starmer resign, and are Reform like the Tories? appeared first on Conservative Home.
In Islington, a full nine per cent of children aged 4-10 have autism, up from one per cent in 2015-16. The post Elliot Keck: Councils are spending more and more on taking children to school in taxis appeared first on Conservative Home.

Warning comes as OBR projections in the spring forecast are expected to show public finances moving in the right direction Soaring global energy prices as a result of the widening Middle East conflict will jeopardise Rachel Reeves’s plan to conquer inflation and rekindle growth, economists have warned as she prepares to deliver her spring forecast later today. Responding to the latest projections from the independent Office for Budget Responsibility (OBR), the chancellor will insist she has “the