Spring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgraded
Chancellor says she is in close touch with Bank of England governor and is meeting energy companies amid soaring oil and gas pricesBusiness live – latest updatesRachel Reeves insisted Labour has “the right economic plan” for a world that has become “yet more uncertain” as she delivered a...
<p>Chancellor says she is in close touch with Bank of England governor and is meeting energy companies amid soaring oil and gas prices</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/mar/03/spring-forecast-rachel-reeves-statement-economic-plan-obr-oil-gas-stock-markets-live-updates">Business live – latest updates</a></p></li></ul><p>Rachel Reeves insisted Labour has “the right economic plan” for a world that has become “yet more uncertain” as she delivered a spring forecast that downgraded growth for this year.</p><p>The chancellor was addressing MPs against the backdrop of <a href="https://www.theguardian.com/world/2026/mar/02/iran-strait-of-hormuz-oil-gas-visualized">surging energy prices</a>, as investors fret about the impact of the spiralling conflict in the Middle East. The cost of a barrel of Brent crude was up another 7% on Tuesday, at $83.20.</p> <a href="https://www.theguardian.com/uk-news/2026/mar/03/spring-forecast-rachel-reeves-labour-economic-plan-2026-growth-obr">Continue reading...</a>
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