Rachel Reeves is facing growing pressure ahead of her Spring Statement, with economic experts warning of an “awful April” as the UK struggles with sluggish growth and rising debt. The Chancellor will have a crucial moment this Friday, when the latest GDP figures are released, giving a snapshot of the economy just weeks before a series of tax hikes come into effect.
Harry Mills, Director at Oku Markets, explained that the focus will shift back to the Government after a few weeks of relative calm, thanks to Sir Keir Starmer’s recent performances and the ongoing chaos in the White House. “That ends on Friday with the latest monthly GDP data, ahead of an important month for UK PLC, with various tax rises slated for April,” he said, reported the Express.
