Story perspectives

Chancellor Reeves Unveils Spring Statement to Stabilize Economy

12/23/2025

49 4

Summary

Story summary

Rachel Reeves, the Treasury's Chancellor, has scheduled a spring statement for 3 March to stabilise Britain's economy.
The Treasury asked the Office for Budget Responsibility to prepare forecasts before appointing a chair.
Business leaders blame the government for a downturn in consumer spending and investment freezes.
October showed an unexpected contraction, with forecasts for stagnant fourth-quarter growth.
Reeves plans to double fiscal headroom to £22 billion to mitigate risks.

1 of 1

Story summary

Rachel Reeves, the Treasury's Chancellor, has scheduled a spring statement for 3 March to stabilise Britain's economy.
The Treasury asked the Office for Budget Responsibility to prepare forecasts before appointing a chair.
Business leaders blame the government for a downturn in consumer spending and investment freezes.
October showed an unexpected contraction, with forecasts for stagnant fourth-quarter growth.
Reeves plans to double fiscal headroom to £22 billion to mitigate risks.