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World

Labour minister confuses interest rates with inflation

26 March 2025

10:02 PM

26 March 2025

10:02 PM

Happy spring statement day, one and all. Today’s fiscal event – which is definitely NOT an ’emergency Budget’ – looks set to contain more gloom and doom about Rachel Reeves’ vanishing fiscal headroom. Looks like that £40bn October tax raid didn’t help much eh? So, with inflation still running high and the growth figures revised downward, it might be a good time for ministers to reassure the markets that Labour knows what it is doing in office.

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