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Spring statement 2025: Graphs reveal economic impact of Rachel Reeves' plans

The Office for Budget Responsibility halved its 2025 UK GDP growth forecast from 2% to 1%. Rachel Reeves attributed this to "increased global uncertainty" stemming from factors like the Ukraine war, unstable trading patterns, and rising borrowing costs. She acknowledged the economic and political cost of this uncertainty and expressed dissatisfaction with the growth forecast.
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4 d. ago
Families £500 worse off; 250,000 more in poverty; 800,000 see PIP cut, think tank estimates
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Confidence is key, but the Spring Statement didn't deliver much of it for personal finances
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