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The Guardian - UK
The Guardian - UK
Business
Alex Daniel

Brighter UK economy gives Reeves a springboard for March statement

United Kingdom Economy Rachel Reeves Rob Wood Bank of England
Rachel Reeves has a picture taken with a member of the public during her visit to Sainsbury's Sydenham
Rachel Reeves visiting a Sainsbury's store in Sydenham this week. Photograph: Alishia Abodunde/PA

The economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio of reports painted a better-than-expected picture of the UK economy.

Record monthly public finances, a surge in retail spending and accelerating business activity offered the most coherent picture of recovery since last autumn, economists said, and provided the chancellor with a more positive narrative before her 3 March statement.

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