Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costs

• What to expect from Rachel Reeves's (brief) spring statement

Rachel Reeves will give her spring statement on Wednesday, with a warning that spending cuts are required because the world has changed" amid rising government borrowing costs.

After announcing deep cuts to welfare, provoking a fierce backlash within her party, the chancellor will present updated forecasts from the Office for Budget Responsibility (OBR) on the outlook for the economy and government finances.