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YOU WONT BELIEVE: Obr - You Need To See This

Fact check: Defence vs benefits, church attack video and advantage of sunglasses

Round-up of fact checks from the last few days compiled by Full Fact.

Evening Standard

FTSE 100 edges up amid cautious US-Iran optimism

Stocks gained encouragement from lower oil prices as investors weighed the latest developments in the Middle East.

Evening Standard

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Boost for Reeves as government borrowing drops – but Iran war means worse is to come

Fears are mounting over a hit to the public finances from the Iran war

The Independent UK

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

The Guardian - UK

Mansion tax could hit 165,000 homes in first year, Budget watchdog predicts

The Office for Budget Responsibility (OBR) estimated 165,000 properties will be affected in the policy’s first year, rising to 167,000 in 2030

The Independent UK

‘This is what you don’t see in F1’: the university where future race engineers are made

With alumni in every F1 team, Oxford Brookes University’s Formula Student team is the most prestigious in the country

The Guardian - UK

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Government borrowing sees surprise surge amid fears of squeeze from Iran war

The Office for National Statistics said public sector borrowing stood at £14.3 billion in February – £2.2 billion higher than a year ago.

Evening Standard

Government borrowing costs hit highest since 2008 recession as pressure on UK economy increases

The UK is now on track to slightly undershoot the OBR’s full-year borrowing forecast

The Independent UK

The Guardian view on Labour, liberals and the Greens: they agree on the problem, but not the solution

Editorial: From Brexit to fiscal rules to living costs, diagnoses multiply. Steel policy points to a missing link – the need for a strategy to rebuild

The Guardian - UK

UK inflation warning as soaring oil prices threaten 3% high

IN FULL

The Independent UK

Iran war could drive inflation to 3%, OBR warns in major blow for Reeves

Professor David Miles said the impact of conflict on UK prices could be ‘significant’ and ‘completely unwelcome’

The Independent UK

Energy spike from Iran war could add 1% to UK inflation this year, OBR says

Professor David Miles said the impact of conflict on UK prices could be ‘significant’ and ‘completely unwelcome’.

Evening Standard

UK inflation ‘to be pushed higher’ by energy prices amid Iran conflict

The British Chambers of Commerce said the geopolitical situation could ‘change the economic outlook considerably’.

Evening Standard

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The Guardian - UK

Did baby boomers eat all the pies? John Lanchester on the truth about the generation gap

It’s a grim time to be in your 20s, no doubt, but don’t blame it all on older people: being chopped up into ever smaller rivalries only serves the market

The Independent UK

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

Evening Standard

Tax burden heading to ‘uncharted territory’ with risk to growth, OBR warns

Budget responsibility committee member Professor David Miles said there was ‘clearly a risk’ in the historically high tax burden.

The Guardian - UK

Wednesday briefing: Was the chancellor’s spring statement already out of date?

In today’s newsletter: Against a backdrop of global turbulence, Rachel Reeve’s surprisingly upbeat tone failed to reassure when our supposed economic stability rests on forces mostly outside of the government’s control

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The Guardian - UK

The Guardian view on Rachel Reeves’s spring statement: stability cannot mean sacrificing living standards

Editorial: An energy shock from war in the Gulf will expose the limits of rigid fiscal rules. The real question is who absorbs the loss: the state, firms or households?

The Guardian - UK

What will Rachel Reeves’s spring forecast mean for household finances?

The chancellor promises more money in people’s pockets, but the Iran crisis makes steeper inflation a pressing worry

The Guardian - UK

Unemployment set to hit 5.3% this year amid ‘worrying’ rise in young jobless

OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertainty

The Conversation

Conflict in the Middle East makes official economic forecasts immediately out of date

The UK chancellor of the exchequer would not have wanted to deliver her spring statement against the background of a fresh threat to the world economy.

Evening Standard

Stocks retreat as oil surge raises inflation fear

The Middle East crisis overshadowed the Government’s spring statement.

Evening Standard

UK economy could face ‘very significant’ impact from Iran conflict – OBR

The budget watchdog said that the outlook for inflation would be ‘particularly uncertain’.

The Independent UK

One million more pensioners to pay income tax in ‘shock stealth grab’

It’s a direct consequence of frozen tax thresholds, says the Budget watchdog

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