UK economy

Gross domestic product was unchanged after 0.1 per cent growth in the previous month.

Britain’s economy unexpectedly stalled at start of the year

The powerhouse services sector stagnated, manufacturing grew just 0.1% and construction expanded 0.2%

Barclays’ survey showed consumer spending grew by 1.1 per cent in February in annual terms after a 0.8 per cent increase in January.

UK consumer spending slows in February as inflation fears dim sentiment, survey shows

Consumers fear the Middle East conflict will push up fuel prices, energy bills and inflation.

A low-key speech would represent a contrast to Rachel Reeves’ three previous fiscal events in which she took the tax burden to its highest since shortly after World War Two.

Reeves set for careful UK budget update as Iran conflict alarms investors

Reeves says she will make major fiscal policy changes only in her full budget statements in the autumn

Food inflation of 3.5 per cent in annual terms in February was down from 3.9 per cent a month earlier.

UK food prices and shop price inflation slow in February: survey

Britain’s overall consumer price inflation rate fell to a nearly one-year low of 3 per cent in January

The survey suggests caution is once again gripping British consumers, whose spending contributes around 60% of economic output.

UK consumer confidence falls amid fear of job losses: survey

Unemployment worries are rising rapidly among young people in particular, GfK’s data shows

Critics point to sharp increases in the minimum wage and plans to strengthen protections for employees, discouraging firms from hiring.

Nearly a million young Britons are not in jobs or education

The report could fuel discontent with Prime Minister Keir Starmer

The British Chambers of Commerce estimates that it will raise the cost on UK exports to the US by as much as £3 billion and will impact 40,000 British companies.

UK risks being the biggest loser from Trump’s tariff changes

The US president’s new tariff regime can apply for a maximum of 150 days unless Congress extends it

Finance Minister Rachel Reeves hopes the greater fiscal headroom she created in November’s Budget will be enough to avoid needing to make a mid-year change in fiscal policy.

UK public finances show record surplus in January

There is an excess of £30.4 billion, higher than economists’ forecast of £23.8 billion

Investors mostly expect the central bank to cut its benchmark interest rate to 3.5% in March after a tight vote to keep borrowing costs on hold in February.

UK inflation hits its lowest in nearly a year at 3%

British inflation has run higher than in the United States and in the euro zone