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
Indeed sick of 14 years of green crap Con-socialism (Cameron through to Sunak) they then vote for the even more appalling two Tier Kier giving them a huge Labour majority. Now they vote for the even worse still Green/Muslim party.
Sir Two Tier will never live down his initially refusal to allow Trump to use the UK bases. A very foolish betrayal of our best allie and Israel. He certainly is no Winston Churchill, his pathetic dithering will not even win him Muslim Votes as they will have their own parties or take over the Green party.
Winston Churchill “Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Only a handful see it for what it really is—the strong and willing horse that pulls the whole cart along”.
Starmer, Lammy, Reeves, Philipson, Miliband are hardly like to say something like this. They are the some people and others infected with the evil politics of envy.
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
Isn’t that the job of the energy companies?
Why should the government speculate on energy markets?
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.
March 4, 2026
Bring on the May elections, when Labour will truly understand how detested they are.
March 4, 2026
Reeves fog-horned through her speech yesterday, listing all the things she had spent money on or was going to spend it on. She claimed that she had some £20b headroom (if I heard her right) but has added £60b in tax burden since she took office. Most depressing of all, there was no mention of Defense. Our armed forces, most especially our Navy are exposed as being completely unfit for purpose. A national embarrassment but worse, we are shown to be defenseless both at home and abroad. We are about to get hammered economically – let’s pray no one tries to hammer us in other ways..
March 4, 2026
Five year forecast – that is implausible by itself.
The fiscal rules should be this year and next and ideally showing a surplus by reducing spending. Particularly on the NHS and Welfare.
Perhaps if we stopped paying for the world, those savings might materialise (and I include Ukraine in that).
March 4, 2026
Deluded but then so too were the Tories.
The question is What will it take for this methodology to be conclusively proven wrong?
March 4, 2026
The Chancellor has made a career out of bare faced lies, and now she remains in place because she is perfectly managing the disaster in front of her as if being a miracle worker. No chance of Starmer unloading while she stays unflustered while trotting out such untruths as to be laughable.
March 4, 2026
Did we or anyone expect any different form a two tier government.
Remember us mere mortals, the electorate have to endure another 3 years. Yet those we lent our power to our MPs, those we put in charge of selecting this government, then holding them to account. There to make sure things don’t go astray, could get rid of the lot, this government, today if not tomorrow, accept one thing more than half of these members of parliament agree with the government position.