Down comes the growth forecast for 2026 to just 1.1%. Up goes the forecast for unemployment to 5.3% this year.
The Chancellor claimed credit for getting inflation down , yet it is up from the 2% she took over to 3% today. She said she had got interest rates down, yet longer term UK interest rates have been higher than the worst day under Truss all last years and so far this year.
The OBR want us to believe borrowing will come down by the end of the forecast. This is the result of a sudden new outbreak of tough spending control with resumed productivity growth. How likely is this?
I cannot believe she can sit there and do nothing. Youth unemployment has surged thanks to her Jobs tax, High Street taxes and employment law changes. Housebuilding is down with many unable to afford to buy a home of their own.
She presses on with bans on our leading exports of oil, gas and vehicles, factory closures from dear energy and surging unemployment.Her tax rises, new regulations and net zero self harm conspire to keep us poor.
March 4, 2026
Don’t fret. People are turning away from Labour…to the Greens. We may yet look back on the golden age of Reeves’ Chancellorship.
March 4, 2026
Yep ! From bad to worse.
March 4, 2026
Good Morning,
Ref Nat. Gas price; please tell me that our big brains in government learnt from the Ukraine invasion to arrange long term fixed price supply contracts, or at least some price hedging contracts?
March 4, 2026
Good morning.
All going to plan. ie De-industrialise and preparation for Carbon Credit score / Universal Income.
March 4, 2026
This spring statement was another nail in the coffin of the economy. There were no positive moves to stimulate anything – all she did was claim success for things that just happened.
Just as Starmer lives in his own personal bubble when it comes to world affairs and international laws, so too does the Chancellor who imagines the best she can do is nothing. At least things wont get worse that way.
March 4, 2026
I think we should rename it: The Spring Financial Fantasy more accurately describes her performance yesterday.
Looks like we’ll be able to dust off the “Labour isn’t Working” posters and re-use them at the next election.