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Glimmer of hope for Reeves as economy stutters back to life ahead of Spring Statement

Closely-watched PMI figures showed activity firmly back in growth territory, with the reading up from 50.5 in February to 52 this month.



Ahead of the Spring Statement, Rachel Reeves receives a glimmer of hope as PMI figures show the economy experiencing growth. Reeves plans to cut civil service administration budgets by 15%, aiming for £2 billion in savings and potentially 10,000 job losses, while ruling out tax increases. The government faces union revolt over the proposed civil service job cuts and tensions arise within the Cabinet regarding spending curbs.

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