Spring forecast: Rachel Reeves to insist government has ‘right economic plan’, as Middle East crisis threatens inflation spike – live updates

Rolling coverage of the latest economic and financial news, including the UK’s spring forecastRachel Reeves’s plans could be hit by Middle East conflict, say economistsThe pound is weakening again this morning too, approaching lows seen during yesterday’s volatile trading.Sterling is down two-thirds of a cent, or 0.5%, at $1.3342 against the US dollar, which is up against a basket of other currencies too. Continue reading…