UK Chancellor Reeves (Spring Statement): says the OBR expects inflation to fall faster than they forecast in the Autumn Budget

Chancellor Reeves' comments suggest the Office for Budget Responsibility (OBR) anticipates a quicker decline in UK inflation than previously expected.

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UK Chancellor Reeves (Spring Statement): to outline reforms to tackle youth unemployment in the near term; to outline proposals for closer trade ties with Europe in the next few weeks.

UK OBR Forecasts (provided verbally by Chancellor Reeves):

UK Chancellor Reeves (Spring Statement): says the OBR expects inflation to fall faster than they forecast in the Autumn Budget

US President Trump posts, re. Iran, "Their air defense, Air Force, Navy, and Leadership is gone. They want to talk. I said “Too Late!”"

UK Chancellor Reeves (Spring Statement): the global environment has become more uncertain in recent days.

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  • Growth forecasts largely unchanged over the period.
Context

This outlook may influence market expectations around future monetary policy, particularly if it leads to a shift in sentiment regarding rate hikes, as stable growth forecasts indicate that the economic backdrop remains supportive for potential easing measures.

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