Rolling coverage of the latest economic and financial news
Growth forecast cut again and unemployment to rise as chancellor warned economy risks big hit from Iran war – but Reeves insists ‘plan is right’
The chancellor is under pressure to keep energy prices down
Chancellor’s statement comes amid backdrop of economic and geopolitical turmoil, including gas prices at three-year high
Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increased