Spring Statement reaction: The 'tragic' downgrade threatening Labour's growth mission

The UK economy is staring down a "tragic" downgrade as growth forecasts are slashed to a measly 1.1 per cent. Is the Labour government’s "defining mission" already hitting a wall? In this emergency breakdown of the 2026 Spring Statement, Christian May, Simon Hunt and Maisie Grice unpick the brutal reality behind the headlines. Discover why the Chancellor is desperately pivoting to "GDP per capita" to hide a stagnant economy and why global turmoil in Iran could make these already "anaemic" forecasts look optimistic. 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam #economics #politics #labour #news #uknews