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
Rachel Reeves will acknowledge the need for "further and faster" action to stimulate UK economic growth in her upcoming spring statement. The Office for Budget Responsibility is expected to lower its economic growth forecast, impacting tax receipts and potentially requiring Reeves to adjust her spending plans to avoid increased borrowing. Despite this, Reeves will highlight the government's achievements in its first nine months.
