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The Latest Breaking News from Rachel Reeves

Spring statement: Iran war casts shadow over fragile UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

Euronews

‘I’m concerned the Iran war might drive up living costs’: Britons respond to Reeves’s spring forecast

The chancellor’s statement offered little new on tax or spending, but readers voiced concerns about rising costs

The Guardian - UK

What we learnt from Rachel Reeves’ spring statement – and what it means for you

From energy prices to economic growth, here The Independent takes a look at everything we learnt from the chancellor’s spring statement

The Independent UK

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‘I graduated with £84k student loan debt – I’ve applied for 60 jobs but can only get a part-time shop role’

Lewis Gibson has been forced to move back in with his parents in Swindon after graduating from the University of Sheffield last year

The Independent UK

Reeves warns of risk of higher energy bills as Iran war sends oil and gas prices soaring

Gas prices have almost doubled since the start of the attacks on Iran

Evening Standard

Spring statement 2026: Forecasts at-a-glance

Chancellor Rachel Reeves said she had the ‘right economic plan’ for the UK despite the budget watchdog slashing its forecast for growth this year.

Evening Standard

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

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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’

IN FULL

The Independent UK

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

IN FULL

The Independent UK

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

IN FULL

The Independent UK

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

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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.

The Independent UK

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 Guardian - 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

Evening Standard

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

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International Business Times UK

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.

The Guardian - 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

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

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

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.

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

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