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Finance experts react to Rachel Reeves' 'underwhelming' Spring Budget | LBC
Posted
March 26, 2025
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March 26, 2025
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15:49Now PlayingIn her Spring Statement, Chancellor Rachel Reeves has admitted the 2025 growth estimate for the UK has been halved.
It has been slashed from 1% from 2% by the government's official forecaster, the Office for Budget Responsibility.
Despite this, she claimed the OBR has upgraded its longer term growth estimates from 2026.
She sought to blame much of these economic woes on "increased global uncertainty".
Her warnings about a world "that is changing before our eyes" was largely directed at the economic impact of war in Ukraine, and the West's ongoing clash with Russia.
However, this warning could also be interpreted as a signal that Donald Trump's tariffs on all imports to America will hit the British economy.
Shelagh Fogarty is joined by finance experts Jasmine Birtles and Michael Saunders to discuss the mini Budget.
Listen to the full show on Global Player
#shelaghfogarty #finance #rachelreeves #chancellor #budget #springstatement #labour #ukpolitics #keirstarmer #uknews #economy #LBC
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