Spring statement: Beth Rigby and Ed Conway on Rachel Reeves's changed plan
This Is Why
Sky News
4.0 • 552 Ratings
🗓️ 26 March 2025
⏱️ 20 minutes
🧾️ Download transcript
Summary
It came as the Office for Budget Responsibility (OBR) - which monitors the government's spending plans - unveiled its latest economic forecasts.
Liz Bates is joined by Sky's political editor Beth Rigby, and economics and data editor Ed Conway, to pick through the detail and discuss why the chancellor changed her original plan.
Producers: Natalie Ktena
Editor: Philly Beaumont
Transcript
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| 1:00.0 | Hi, I'm Liz Bates and on today's Sky News Daily, we're in Westminster because it's a big day for the Chancellor Rachel Reeves, the spring statement. |
| 1:09.0 | Six months on from the budget, it's basically an update |
| 1:12.5 | on how things are going with the economy and they're not going that well. It's not her fault. |
| 1:19.2 | At least that's what she says. It's global factors that are making things difficult, |
| 1:23.9 | but she's up for the challenge. Now our task is to secure Britain's future in a world that is changing before our eyes. |
| 1:32.3 | Mr Speaker, the job of a responsible government is not simply to watch this change. |
| 1:38.3 | This moment demands an active government, a government not stepping back but stepping up. And the Office for Budget |
| 1:46.3 | Responsibility. That's the body that marks the Chancellor's homework isn't making her life easy either. |
| 1:52.0 | And the OBR had today revised down our growth forecast for 2025, from 2% in the autumn to 1% |
| 1:59.5 | today. |
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