Growth Forecast - Spring forecast 2026 - key updates on the UK economy
09-03-2026 03:08
The Spring Statement on 3 rd March 2026 provided an update on the economy and public finances, without introducing any major tax changes. The Chancellor of the Exchequer, Rachel Reeves reiterated the ...
Tax burden heading to ‘uncharted territory’ with risk to growth, OBR warns
Budget responsibility committee member Professor David Miles said there was ‘clearly a risk’ in the historically high tax burden.
UK growth forecast downgraded and unemployment will peak this year, chancellor reveals
The UK's economic forecast has been downgraded for 2026 but will then improve - and unemployment will peak this year, the chancellor has revealed.
Reeves insists economic plan working in 'uncertain' world as UK growth forecast lowered for 2026
The chancellor says in her Spring Statement that unemployment will peak later this year and then fall every year of the forecast period until 2030.
Reeves says her plan is working as growth forecast cut for this year
The forecasts were made before the conflict in the Middle East broke out which could have a "very significant" impact, the OBR said.
