Reeves says ‘if economy ain’t broke, don’t fix it’ - as fight to keep her job goes on
Summary
Britain’s economy grew by 0.3% in March 2026, beating expectations and making it the fastest growing economy in the G7 for the first quarter. Chancellor Rachel Reeves said this shows the government’s economic plan is working and warned against making risky changes during uncertain times.Key Facts
- The UK economy grew 0.3% in March 2026, better than the expected 0.2% decline.
- Overall growth for the first three months of 2026 was 0.6%, up from 0.1% in the last quarter of 2025.
- Britain leads the G7 countries in economic growth in early 2026.
- Chancellor Rachel Reeves aims to keep economic policies steady to avoid risks.
- Some Labour Party members are preparing leadership bids amid internal debate.
- Economists worry that growth may slow later in the year, with risks from the Middle East conflict.
- The Bank of England may raise interest rates because of inflation, affecting loans and business costs.
- Rising energy prices and the cost of living crisis continue to pressure British households.
- The Iran war could reduce household incomes by about £550 in 2026 and increase government debt by £16 billion by 2030.
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