LIVE from No 11 as Chancellor Rachel Reeves prepares to deliver spring budget

The Government has the “right economic plan for the country”, Rachel Reeves will insist at the spring statement. The Chancellor is expected to say the economy is “stronger and more secure” as a result of decisions taken by the Government as she addresses the Commons on Tuesday. Ms Reeves will point to falling inflation and interest rates cuts as successes which have resulted in an easing of living pressures. But the statement comes just weeks after the Bank of England downgraded its growth rating for the UK economy. At the start of February, the Bank’s gross domestic product (GDP) forecasts for 2026 were downgraded to 0.9% from 1.2%, and to 1.5% from 1.6% for 2027. Subscribe to The Standard: https://www.standard.co.uk/register for latest breaking news from the UK, US and around the world, plus podcasts and features. Evening Standard on socials: Check out our full video catalog: youtube.com/channel/UC7RQon_YwCnp_LbPtEwW65w?sub_confirmation=1 Videos, daily editorial and more: https://www.standard.co.uk/ Like us on Facebook: facebook.com/TheLondonStandard Follow us on Twitter: x.com/theLDNstandard and Instagram: instagram.com/thelondonstandard