UK braces for Reeves' Spring Statement
We are live outside the House of Commons in London where Chancellor Rachel Reeves is due to deliver her Spring Statement later today. Spending cuts are to top the agenda as Reeves struggles to revive a moribund economy. This, as the country’s budget watchdog, the Office of Budgetary Responsibility, is set to halve the country’s growth forecast for the year. UK economists also predict a small easing of the inflation rate ahead of the release of a final key data point. The Trump administration doubles down, shrugging off the fallout of the Signal chat security leak. President Trump defends U.S. retaliatory strikes against Houthi targets in Yemen. And in the Black Sea, Ukrainian drones have reportedly been shot down just hours following a naval truce between Moscow and Kyiv.