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Rachel Reeves gave us a death spiral spring statement

  • The Office for Budget Responsibility cut its GDP growth forecast for the UK this year from 2% to 1% due to ongoing economic issues.
  • Chancellor Rachel Reeves emphasized the importance of maintaining 'free and open trade' to avoid damaging both economies.
  • Donald Trump's planned tariffs could reduce the UK's GDP growth by 0.6% by 2026, with retaliation possible from the UK.
  • The OBR warned that continued economic challenges might force Reeves to implement further cuts or tax increases as early as October.
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Bias Distribution

  • 67% of the sources lean Right
67% Right
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The Telegraph broke the news in London, United Kingdom on Wednesday, March 26, 2025.
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