Reeves insists economic plan working in ‘uncertain’ world as UK growth forecast lowered for 2026

Chancellor Rt Hon Rachel Reeves used yesterday’s Spring Statement to claim the government’s economic plan is restoring stability, even as growth forecasts were trimmed. The Office for Budget Responsibility now expects GDP to rise by 1.1% in 2026 and inflation to fall back to the Bank of England’s 2% target later this year, with unemployment peaking at 5.3% before easing.