From Reuters.

UK economists appear before parliament’s Treasury Committee to answer questions about last week’s Spring Statement.

British finance minister, Rachel Reeves, trimmed her plans for spending increases, providing some reassurance for investors.

The risks of a global trade war could put fresh tax hikes on the table later this year however.

The OBR halved its forecast for economic growth in 2025, and raised its forecasts for public borrowing and inflation.

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