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The Latest Breaking News from Rachel Reeves

Unemployment to jump to 5.3% as UK economy faces slower growth, says OBR

UK gross domestic product (GDP) is expected to grow by 1.1% in 2026, as the OBR cut its previous prediction of 1.4% from last November.

Evening Standard

Spring Statement 2026: UK growth forecast slashed as unemployment set to peak with young people hit hardest

Chancellor Rachel Reeves insisted she has the ‘right economic plan’ for Britain despite the budget watchdog slashing its forecast for growth this year

Evening Standard

Rachel Reeves highlights missing Nigel Farage as she brands Reform UK a ‘Tory tribute act’

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The Independent UK

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Spring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgraded

Unemployment predicted to continue rising to 5.3% as chancellor says she is meeting energy firms amid soaring oil and gas prices

The Guardian - UK

Spring Statement 2026: Key points from Rachel Reeves' economic update to MPs

The Chancellor told MPs of the latest projections for GDP, inflation, unemployment and borrowing

Evening Standard

Rachel Reeves promises to keep families ‘better off’ under economic plans

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The Independent UK

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

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The Independent UK

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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

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

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

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Evening Standard

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.

The Guardian - UK

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 Independent 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.

Evening Standard

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

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The Independent UK

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

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 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

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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.

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

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