March 3, 2026 8:04 PM
UK’s Reeves promises stability against backdrop of Middle East conflict
British finance minister Rachel Reeves said she would provide stability for the economy in a budget update speech on Tuesday that contained no big policy surprises and was overshadowed by alarm among investors over the conflict in the Middle East. Reeves said fresh forecasts showed inflation and borrowing would be lower than previously thought by Britain's fiscal watchdog, although its economic growth projection for this year was cut to 1.1% from a previous estimate of 1.4%. Those forecasts ma...