UK Spring Statement Constrained by Gilt Volatility as Iran Strikes Push Oil Prices Higher
Chancellor Rachel Reeves faces limited fiscal room in her Spring Statement 2026 as UK government borrowing costs fluctuate amid geopolitical tensions. US-Israeli strikes on Iran have driven oil prices up, threatening renewed inflation pressure across European markets. The statement will avoid major policy shifts despite rising unemployment and weakened growth outlook.
ViaNews Editorial Team (Europe)•