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The Latest Breaking News from Rachel Reeves

Rachel Reeves in emergency talks with oil and gas chiefs amid warning of £500 rise in energy bills

Fears are growing that Donald Trump’s Iran war will push up energy bills in Britain

Evening Standard

Wednesday briefing: Was the chancellor’s spring statement already out of date?

In today’s newsletter: Against a backdrop of global turbulence, Rachel Reeve’s surprisingly upbeat tone failed to reassure when our supposed economic stability rests on forces mostly outside of the government’s control

The Guardian - UK

The Guardian view on Rachel Reeves’s spring statement: stability cannot mean sacrificing living standards

Editorial: An energy shock from war in the Gulf will expose the limits of rigid fiscal rules. The real question is who absorbs the loss: the state, firms or households?

The Guardian - UK

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What will Rachel Reeves’s spring forecast mean for household finances?

The chancellor promises more money in people’s pockets, but the Iran crisis makes steeper inflation a pressing worry

The Guardian - UK

‘It’s no news just when we wanted some’: bosses react to spring statement

Amid global volatility, Rachel Reeves tried to project calm with a low-key forecast. But business owners have their doubts

The Guardian - UK

UK borrowing costs jump again on fears Iran conflict will curb growth

Investors suspect rising oil and gas costs will stoke inflation and delay cuts in interest rates

The Guardian - UK

Finance Minister: Stormont’s £390m boost recognises NI public service strains

John O’Dowd said the Executive would use the additional funding ‘wisely’ but it also serves as a ‘recognition of the pressures this Executive faces’.

Evening Standard

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Conflict in the Middle East makes official economic forecasts immediately out of date

The UK chancellor of the exchequer would not have wanted to deliver her spring statement against the background of a fresh threat to the world economy.

The Conversation

Stocks retreat as oil surge raises inflation fear

The Middle East crisis overshadowed the Government’s spring statement.

Evening Standard

Reeves’s spring statement? The economy is great, don’t worry about the Middle East

With no spending or fiscal commitments to offer, the chancellor kept it short, sweet and just a little tin-eared

The Guardian - UK

UK economy could face ‘very significant’ impact from Iran conflict – OBR

The budget watchdog said that the outlook for inflation would be ‘particularly uncertain’.

Evening Standard

One million more pensioners to pay income tax in ‘shock stealth grab’

It’s a direct consequence of frozen tax thresholds, says the Budget watchdog

The Independent UK

Reeves accused of being ‘tone deaf’ on energy prices as Middle East crisis deepens

Growth forecast cut again and unemployment to rise as chancellor warned economy risks big hit from Iran war – but Reeves insists ‘plan is right’

The Independent UK

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’

The Guardian - UK

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The Independent UK

Cheltenham Festival-winning trainer attacked dog walker on his land with hockey stick, court told

The plaintiff alleges Mr Williams broke his arm after swinging a hockey stick ‘with full force’

Evening Standard

Chancellor blew chance to end Energy Profits Levy, say opposition parties

The SNP and Tories accused Rachel Reeves of a missed opportunity to support the North Sea in her spring statement.

The Guardian - UK

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

Evening Standard

Reeves insists she has right plan despite economic growth forecast cut

The Office for Budget Responsibility slashed the growth forecast for 2026 and hiked its expectation for unemployment.

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Euronews

Spring statement: Iran war casts shadow over fragile UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

The Guardian - UK

‘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

The Independent UK

What we learnt from Rachel Reeves’ spring statement – and what it means for you

From energy prices to economic growth, here The Independent takes a look at everything we learnt from the chancellor’s spring statement

The Independent UK

‘I graduated with £84k student loan debt – I’ve applied for 60 jobs but can only get a part-time shop role’

Lewis Gibson has been forced to move back in with his parents in Swindon after graduating from the University of Sheffield last year

Evening Standard

Reeves warns of risk of higher energy bills as Iran war sends oil and gas prices soaring

Gas prices have almost doubled since the start of the attacks on Iran

Evening Standard

Spring statement 2026: Forecasts at-a-glance

Chancellor Rachel Reeves said she had the ‘right economic plan’ for the UK despite the budget watchdog slashing its forecast for growth this year.

Evening Standard

Unemployment to jump to 5.3% as UK economy faces slower growth, says OBR

UK gross domestic product (GDP) is expected to grow by 1.1% in 2026, as the OBR cut its previous prediction of 1.4% from last November.

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