Rachel Reeves has made her Spring Forecast 2026 announcement and reacted to the Office for Budget Responsibility (OBR) forecast.
Here’s what she had to say.
Spring Statement/Forecast 2026 live blog
12:49
12:47: Employment support and guaranteed jobs. Reform of apprenticeships. Discounts on business energy costs pledged.
12:44: OBR updated growth forecasts – average growth across period remains unchanged. Grows slightly slower in 2026 and faster in 2027 and 2028 to 1.5 per cent in 2029 and 2030. GDP growth of 5.6 per cent across whole parliament.
12:42: OBR expecting inflation to come down faster than they predicted in autumn.
12:39: Confirmation that there will be one major fiscal event per year.
12:36: Reeves starts her speech.
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