Five economic factors that will govern Rachel Reeves’s spring statement
The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costs
Rachel Reeves will give her spring statement on Wednesday, with a warning that spending cuts are required because “the world has changed” amid rising government borrowing costs.
After announcing deep cuts to welfare, provoking a fierce backlash within her party, the chancellor will present updated forecasts from the Office for Budget Responsibility (OBR) on the outlook for the economy and government finances. Continue reading...
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