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The Guardian Politics3 Mar 2026

Rachel Reeves claims UK economy can beat forecasts again – is she right? Our writers discuss

The chancellor insists Labour has ‘the right economic plan’ for a world that has become ‘yet more uncertain’ Continue reading...

Economy
The Guardian Politics3 Mar 2026

Reeves’s talk of stability may be misplaced amid Iran war turmoil

Attempt to project calm in spring forecast may be short-lived if living costs and unemployment keep climbing Reeves insists Labour has ‘right economic plan’ Business live – latest updates “This government has restored economic stability,” Rachel Reeves told the House of Commons on Tuesday. Yet the chancellor was speaking just moments after MPs had been hearing from the foreign secretary, Yvette Cooper, about plans to evacuate British nationals from the escalating conflagration in the Middle E

PoliticsEconomyDefence
The Guardian Politics3 Mar 2026

‘I’m concerned the Iran war might drive up living costs’: Britons respond to Reeves’s spring forecast

The chancellor’s statement offered little new on tax or spending, but readers voiced concerns about rising costs Business live – latest updates Action to tackle student loan debt, clarity about what the Middle East crisis will mean for the UK economy, cheaper borrowing, more scrutiny of supermarket prices … Readers who took part in a Guardian callout before the spring forecast had plenty of things on their wishlists. In the event there were no major tax or spending measures announced, and some

EconomyDefence
Guido Fawkes3 Mar 2026

Think Tanks Blast Reeves’ Bleak Spring Statement

The reactions from Westminster’s think tanks are in. It’s a bad day to be a humble wonk hoping for some growth and stability. Deep breath… The Adam Smith Institute’s Joanna Marchong: “The Chancellor has convinced herself of economic stability based on deeply outdated forecasts. It is a Statement written by spin doctors, not economists. After…

PoliticsEconomyHealthcare
Conservative Home3 Mar 2026

Opposition and think-tank reactions to the Chancellor’s Spring Statement

Britain’s unemployment rate is forecast to climb to its highest level since the pandemic, according to the OBR, the budget watchdog, with their growth forecast cut for the coming year to just 1.1 per cent. The post Opposition and think-tank reactions to the Chancellor’s Spring Statement appeared first on Conservative Home.

Economy
BBC Politics3 Mar 2026

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.

PoliticsEconomy
Sky News Politics3 Mar 2026

Ferry scandal fall-out sees harbour buy up and new contracts for beleaguered shipyard

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.

Economy
Guido Fawkes3 Mar 2026

OBR Revises Labour Tax Burden Up Again to Reach Record Postwar High

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…

EconomyDefence
The Guardian Politics3 Mar 2026

Spring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgraded

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

PoliticsEconomy
Sky News Politics3 Mar 2026

UK growth forecast downgraded and unemployment will peak this year, chancellor reveals

The UK's economic forecast has been downgraded for 2026 but will then improve - and unemployment will peak this year, the chancellor has revealed.

Economy
Guido Fawkes3 Mar 2026

LIVE: Spring Statement 2026

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…

Economy
Guido Fawkes3 Mar 2026

Gilt Yields Jump and Interest Rate Cut Expectations Slashed Ahead of Reeves’ Spring Statement

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…

Economy