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The Latest Breaking News from Rachel Reeves

Spring Statement: UK economy set to ‘grow slightly slower’ in 2026

IN FULL

The Independent UK

Budget watchdog downgrades growth forecast for 2026 as Reeves defends plan

Chancellor Rachel Reeves set out the Office for Budget Responsibility’s forecasts as the Iran war threatened to cast a shadow over the economy.

Evening Standard

Live: Chancellor Rachel Reeves promises growth in spring statement

The Chancellor’s speech comes just weeks after the Bank of England downgraded its growth rating for the UK economy.

Evening Standard

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Iran war casts a pall over UK economic update

With oil prices soaring and stocks tanking, the fast-evolving Iran war has cast a pall over the economic forecasts that British Treasury chief Rachel Reeves is set to unveil later Tuesday

The Independent UK

Stock markets slump amid Iran war as gas prices jump 30% to three-year high

FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall

The Guardian - UK

Soaring oil and gas prices threaten new inflation headache for Reeves

Qatar produces a fifth of the world’s LNG and is the biggest supplier to Asia

Evening Standard

What is a 'Fuel Duty Rise' and What Does Rachel Reeves Have to Do With It?

Chancellor Rachel Reeves faces mounting pressure over planned fuel duty rises as oil prices surge amid escalating Middle East tensions.

International Business Times UK

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Iran conflict could have ‘very significant’ impact on UK economy, OBR warns; FTSE 100’s biggest fall in 11 months – as it happened

Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increased

The Guardian - UK

FTSE 100 Live 03 March: Energy price surge continues, stocks deep in red

Fears of a new inflation spike have intensified after oil and gas prices today extended their upward momentum.

Evening Standard

Rachel Reeves’s plans could be hit by Middle East conflict, say economists

Warning comes as OBR projections in the spring forecast are expected to show public finances moving in the right direction

The Guardian - UK

Starmer disagrees with Trump response as Middle East war enters fourth day

Sir Keir Starmer on Monday said his Government ‘does not believe in regime change from the skies’, in an apparent criticism of the US President.

The Independent UK

Full-scale war explodes in Middle East after US and Israeli airstrikes on Iran

Donald Trump suggests the conflict will escalate further as Britain questions its legality in a startling trans-Atlantic bust-up

Evening Standard

Chancellor Rachel Reeves urged to scrap fuel duty hike amid oil price fears

The price of oil jumped to over 80 US dollars a barrel after the US-Israeli attack on Iran.

Evening Standard

Rachel Reeves urged to scrap fuel duty rise amid oil price fears following Iran-US war

Following the US and Israeli attacks on Iran, the price of oil jumped to 80 US dollars a barrel, with some analysts suggesting it could rise above 100 dollars

The Independent UK

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Evening Standard

Rachel Reeves to insist she will stick with the plan at spring statement

The Chancellor will say the economy is ‘stronger and more secure’ as a result of decisions taken by the Government.

The Independent UK

Farage labelled ‘hypocrite’ over suspended Labour activist

IN FULL

The Independent UK

Reeves under pressure to keep energy and fuel prices affordable in spring statement as Iran war escalates

Fears over the impact of Donald Trump’s Iran war on energy prices prompt calls for chancellor to keep bills down

Evening Standard

European stocks sink amid Middle East uncertainty

The FTSE 100 Index ended down 130.44 points, 1.2%, at 10,780.11.

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The Independent UK

MPs pay to increase to £110,000 by 2029

The Independent Parliamentary Standards Authority announced that MPs will receive £110,000 by 2029 as they face increasing levels of abuse and bigger workloads

The Independent UK

Farage branded ‘hypocrite’ after meeting Labour activist accused of extremism by Reform

Labour have suspended Arshad Khatana after Reform’s Robert Jenrick made allegations about him and linked him to chancellor Rachel Reeves

Evening Standard

Labour suspends mosque chairman and ‘friend’ of Rachel Reeves after allegations by Reform UK

Arshad Khatana was administratively suspended from Labour on Monday pending an investigation, it is understood

The Guardian - UK

UK house prices rise in February as chancellor avoids ‘negative speculation’

Rachel Reeves’s upcoming spring forecast has not led to slowdown, as property tax rumours did in November

The Guardian - UK

Most senior council officers in England say building work hit by delays

Funding uncertainty is main concern, despite Labour’s pledge to revitalise construction, survey shows

The Guardian - UK

OBR a backseat driver with out-of-date maps, thinktanks tell Rachel Reeves

Chancellor urged to reform Office for Budget Responsibility to open way to more public investment

The Guardian - UK

Boring or bust: Reeves aims to project calm competence in spring forecast

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbits

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