6 d. ago Deluded: Rachel Reeves claimed to be delivering renewal. The reality? Our growth forecast for this year has been slashed in half

On a humiliating day for the Chancellor, she was forced to deliver a £14 billion package of emergency spending cuts to avoid breaking fiscal rules she wrote herself only five months ago.

Politics

6 d. ago ANDREW NEIL: How Rachel Reeves led to tax rises and MUCH worse after Spring Statement

A government that was elected last July with a core mission to boost Britain's economy was forced to announce the official Whitehall number cruncher had slashed its growth forecast in half.

Politics

7 d. ago Spring Statement 2025 LIVE: Rachel Reeves warned economic plans could be derailed as UK growth forecast slashed

Chancellor Rachel Reeves has presented her first highly-anticipated Spring Statement to parliament.

Events

7 d. ago Inflation to rise to 3.2% for 2025 as OBR slashes growth forecast

The Government’s official forecaster has also warned that interest rates are set to stay higher for longer

Economics

7 d. ago Spring statement 2025 live: OBR slashes economic growth forecast as 3m families to be hit by welfare cuts

Quarter of a million people, including 50,000 children, pushed into poverty by end of decade due to welfare reforms, according to government’s own impact assessment

Economics

7 d. ago Read the Chancellor's Spring Statement in full: From welfare cuts to defence spending and national living wage

All 50 pages of the spring statement were issued as a PDF by the Treasury today after the Chancellor blamed 'increased global uncertainty' as the budget watchdog slashed its economic growth forecast.

Economics

7 d. ago Spring Statement 2025 LIVE: GDP growth forecast slashed from 2% to 1% for this year, Rachel Reeves tells MPs

Chancellor Rachel Reeves has presented her first highly-anticipated Spring Statement to parliament.

Politics

7 d. ago Inflation to rise to 3.2% for 2025 as growth forecast slashed – OBR

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1% in 2025.

Economics

7 d. ago Reeves admits “further and faster” action is needed to kickstart growth

Before the statement, the Office for Budget Responsibility will publish its forecast on the UK economy, which is widely expected to slash its forecast for economic growth

Politics