US EditionRachel Reeves to deliver spring forecast
Chancellor Rachel Reeves highlights falling inflation and interest rates amid global tensions, with the Office for Budget Responsibility forecasting 1.1% GDP growth in 2026.
- On March 3, Chancellor Rachel Reeves will present a low‑key Spring Statement at around 12.30pm, updating the Office for Budget Responsibility's forecasts to Parliament.
- Reeves has chosen to limit the spring event by holding only one major fiscal event a year, so the OBR will defer its formal assessment of fiscal rules until the autumn Budget.
- Key indicators point to Brent crude oil rising over $80 a barrel, UK GDP growing 0.1% last quarter, inflation at 3% year to January, and wages excluding bonuses up 4.2%.
- After the speech, the Treasury will publish the Office for Budget Responsibility's forecasts on gov.uk, and the opposition, likely Kemi Badenoch or Mel Stride, will formally respond.
- With a 21.7 billion headroom, Reeves faces rising political pressure after the Gorton and Denton by-election on Friday, while the OBR forecasts exclude potential effects from Iran strikes on oil prices.
88 Articles
88 Articles
What Reeves didn't tell you in today's Spring Statement
Today we heard a lot about the “right plan” and the “right choices”. The Chancellor shouted that she was right at least 12 times in her definitely-not-a-Budget speech. That was only beaten by Rachel Reeves mentioning working people 14 times in the 22 minutes of one of the shortest Spring Statements of all time. Yet business was mentioned just three times. And tax was swerved by Reeves as was the topic that fills at least half of every news bulle…
Was the Chancellor's Spring Statement dead on arrival?
In her Spring Statement on Tuesday (3 March), Rachel Reeves trumpeted a series of mild improvements in the OBR’s economic and fiscal forecast as evidence that Labour had “the right economic plan for our country”. Compared to the dramas of her first three fiscal events, this statement was remarkably low key, with very little briefing, leaking or hype, because there was no new policy in it. Reeves has acceded to the Treasury’s fixation on only hav…
Coverage Details
Bias Distribution
- 49% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
