Chancellor's Spring Statement Announcement

This is a UK news story, published by BBC, that relates primarily to Rachel Reeves news.

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Spring Statement: What will be in chancellor Rachel Reeves plan?

Summary

Nutrition label

82% Informative

Rachel Reeves will give an update on her plans for the UK economy on 26 March .

She will present the watchdog's main findings to Parliament and make her Spring Statement on the economy.

Reeves has previously ruled out further tax rises, but faces difficult choices because of the performance of the economy and world events.

OBR 's forecast is expected to confirm that the 9.9bn financial buffer to meet her budget rule has been wiped out.

The costs have since fallen back but remain higher than this time last year . Reeves has also warned that a potential global trade war, despite tariffs not directly targeting the UK , would lower growth and raise inflation..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful